The General Journal is primarily used for which type of transactions?

The General Journal is primarily used to record infrequent, non-cash transactions because it serves as a detailed record of events or transactions that do not occur regularly or may involve significant judgment or unique circumstances. These can include items like journal entries for depreciation, adjusting entries for accrued income or expenses, or unusual transactions such as asset disposals or corrections of errors.

The nature of the General Journal allows for these less common entries to be documented in a straightforward manner, providing clarity on the specifics of each transaction, their context, and any rationale behind them. This contrasts with other journals like cash receipts journals or sales journals, which are designed for high-volume, routine transactions where speed and efficiency are key. Thus, using the General Journal for infrequent, non-cash transactions ensures they are meticulously recorded and accounted for in the financial records.