SPECIAL JOURNALS AND SUBSIDIARY LEDGERS

This type of journal can be used to record any business transactions

This type of journal is used for numerous transactions and , results to division of labor.

The bookkeeper is assigned to monitor the sales transaction of the business. He/ she should use:

The bookkeeper is assigned to the transactions like cash collections. She is using:

The bookkeeper is assigned to record payments of accounts or payments of expenses. She uses:

Use of simple journal would mean additional expenses to the employer since only one bookkeeper is needed to perform the task.

Assignment of specific duties regarding recording of business transactions can be done through the use of simple journals.

An advantage of using special journal is that time and effort can be saved.

Through the use of special journal, transaction of similar nature can be recorded in the same book.

In the cash payment journal, any cash amount credited is recorded in the Cash Credit column plus the discount if any.