Which of the following is NOT a type of special journal?

The correct response identifies the choice that is not a type of special journal used in accounting. Special journals are designed to record specific types of transactions, making it easier to track and summarize similar activities.

The sales journal, cash receipts journal, and purchases journal serve as specialized accounts where related transactions are recorded. For example, the sales journal specifically records sales made on credit, while the cash receipts journal is focused on cash transactions and incoming cash flows. The purchases journal, on the other hand, is dedicated to documenting all credit purchases of goods by the business.

In contrast, an inventory journal specifically for recording inventory-related transactions is not a recognized type of special journal. While inventory-related transactions can be found in other journals (such as purchases or sales), there isn't a specific journal designated solely for inventory tracking, making it the outlier among the options presented. This distinction helps clarify why inventory-related activities are typically integrated into other specialized journals instead of having a standalone journal.