There are four types of special journals generally used by, Accounting Basics

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There are four types of special journals generally used by

There are four types of special journals generally used by businesses: the sales journal, cash receipts journal, purchases journal, and cash payments journal.

Please respond to all of the following prompts in the class discussion section of your online course:

Provide examples of transactions that would be recorded in each of the four different types of special journals.
What other type of journal can you think of that could be used by a business? Explain.
Why are special journals beneficial to a business?

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