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:

P-Value

The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.

Cost Behaviour

The study of how specific costs change in relation to changes in a company’s level of activity or volume of production.

Cost Predictions

The process of estimating the costs that a company will incur over a specific period, often used for budgeting and financial planning purposes.

Variable Costs

Costs that vary directly with the level of production or volume of output, such as materials and labor directly involved in manufacturing.