Which of the Following Is NOT a Main Type of Special

question 50

Multiple Choice

Which of the following is NOT a main type of Special Journal?

• A) Sales Journal
• B) Personnel Journal
• C) Cash Receipts Journal
• D) Cash Payments Journal

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Definitions:

Vertical Analysis

A technique for analyzing financial statements where every item under the three key account categories (assets, liabilities, and equity) on a balance sheet is shown as a percentage of the total for each category.

Operating Expenses

Costs related to the operation of a business, excluding the cost of goods sold, financing costs, and taxes.

Net Sales

The total income generated from sales by a firm, after reducing it for returns, discounts, and allowances due to damaged or absent goods.

Inventory Turnover

A proportion indicating the frequency at which a company's stock is sold and replenished during a given timeframe.