Discuss on Special Journals

This article focus to Discuss on Special Journals. Entering transactions in the general journal and posting those to the correct general ledger accounts is cumbersome. In the general log, a simple transaction needs three lines—two to list the accounts then one to describe the purchase. The transaction must and then be posted to each general ledger account. In the event the transaction affects a control account, the posting has to be done twice—once to your subsidiary ledger account as soon as to the controlling standard ledger account.