SPECIAL JOURNAL Definition

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SPECIAL JOURNAL contains records of original entry other than the general journal that are designed for recording specific types of transactions of similar nature, e.g. Sales Journal, Purchase Journal, Cash Receipts Journal, Cash Disbursements Journal, and Payroll Journal.

Learn new Accounting Terms

STORES are provisions and supplies in inventory that are required for running an entity.

BANK COLLECTION is the collection of a check by the bank on behalf of a depositor.

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