Special Journals
Normally the General Journal is only used for Period End Adjustments. In reality, there are Special Journals for recording transactions and Sub-ledgers to keep track of each Suppliers and Customer transactions and balances.
This level includes:
- Sales Journal
- Purchase Journal
- Purchase Journal
- Disbursements Journal
- Accounts Receivable Sub-ledger
- Accounts Payable Sub-ledger
The exercises are in groups of 3. Each group covers the same material, but with different amounts. Do them in order so you advance at a logical pace.
- Exercise A1
Exercise A2
Exercise A3 - Exercise B1
Exercise B2
Exercise B3 - Exercise C1
Exercise C2
Exercise C3 - Exercise D1
Exercise D2
Exercise D3 - Exercise E1
Exercise E2
Exercise E3
You must completely understand each group before moving on.
The quizzes are designed to test your knowledge. If you are having trouble with the exercises, practise the quizzes to boost your understanding.
The Supplemental Information is designed help further your understanding of the material. If you are having trouble with the exercises, take a look at this material.