Which of the Following Is the Main Advantage of Setting

question 34

Multiple Choice

Which of the following is the main advantage of setting up special journals?

• A) They can be used with a cash accounting system.
• B) They remove the need for double entry recording.
• C) They make the preparation of a trial balance easier.
• D) They reduce the time required to journalise each entry and post to the general ledger.

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Definitions:

Modern Capitalism

An economic and social system in which trade, industry, and the means of production are largely or entirely controlled by private owners with the goal of making profits in a competitive market.

Sense of Agency

The feeling of control over actions and their consequences, recognizing oneself as the agent causing events.

Offers Contribution

The act of making offerings or contributions that add value or support to a project, organization, community, or system.

Packaging Standards

Regulations and guidelines that dictate the materials, design, and labeling used in packaging products.