The Use of Special Journals to Record Transactions

question 120

Multiple Choice

The use of special journals to record transactions

• A) eliminates the need for a general ledger.
• B) can save time in the posting process.
• C) eliminates the need for a general journal.
• D) should only be used if the volume of transactions is small.

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Definitions:

Assignable Causes

Sources of variation in a process or system that can be identified and usually eliminated, distinguished from random causes that are inherent in the system.

Production Environment

The setting where software and systems are deployed and operated for end-users in real-world scenarios, often contrasted with development or testing environments.

Control Chart

A graphical tool used to monitor, control, and improve process performance over time by detecting significant variations.

Standard Deviations

Measurements indicating the amount of variation or spread in a set of values, highlighting how much each number differs from the mean.