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Introduction to Ledger

Define the pu...

Question

Define the purpose of maintaining subsidiary journal.

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Solution

The purposes of maintaining subsidiary Journal are given below. It saves time and efforts in recording. It enables division of work, leading to an enhancement of efficiency and effectiveness, as particular accountant takes care of particular books.

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Define the purpose of maintaining the subsidiary journal.

Q. State with reasons whether the following statement is true or false:
Where subsidiary books are maintained journal is not required.

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