• Xacc280 Subsidiary Ledgers and Special Journal
    Subsidiary Ledgers and Special Journals Jessica E Perez XACC 280 03/15/2012 Christy Stephenson Abstract There are four different special journals in the accounting department, which includes sales, cash receipts, purchases, and cash payments journal. These financial transactions are informat
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  • Subsidiary Ledgers and Special Journals
    A subsidiary ledger is a ledger that includes all of the details of a general ledger, and it holds accounts with similar attributes. The purpose is that is can contain things such as accounts receivable and accounts payable and it can show the sum total. The advantages of using subsidiary ledgers is
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  • Subsidary Ledgers and Special Journals
    There are four different special journals which includes sales journal, cash receipts journal, purchases journal, and cash payments journal which have advantages. The sales journal saves time with the one line entry for each sale and reduces errors. You would use this when you do a credit sale. The
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  • Xacc280 Subidiary Ledgers
    Subsidiary Ledgers and Special Journals Jeannie Gilmore University of Phoenix Companies record all accounting transactions using ledgers. A general ledger contains the balances from every account the enterprise uses for financial recording and forms the central location for reporting financial
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  • Subsidary Ledgers and Special Journals
    Special Journals and Subsidiary Ledgers The four different types of special journals are sales journal, cash receipts journal, purchase journal, and cash payments journal. Special journals reduce the time needed to complete the posting process and they permit greater division of labor, this
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