There are four types of special journals generally used by businesses: the sales journal, cash receipts journal, purchases journal, and cash payments journal.

There are four types of special journals generally used by businesses: the sales journal, cash receipts journal, purchases journal, and cash payments journal.

Please respond to all of the following prompts in the class discussion section of your online course:

• Provide examples of transactions that would be recorded in each of the four different types of special journals.
• What other type of journal can you think of that could be used by a business? Explain.
• Why are special journals beneficial to a business?