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Question
Describe the advantages of sub-dividing the journal.
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Solution
Advantages of sub-dividing the journal :-(i)Division of Labour Use of subsidiary books reduces the work load of the journal.
(ii)Maintenance of Records Systematically and Accurately It also helps in maintaining records accurately and systematically.
(iii)Saves Time It also saves time in locating any transaction.
(iv)Provide More Information It helps in providing more and more details, about all the transactions which otherwise would not be possible with one journal.
(v)Serves as Ready References It serves as a ready reference. If some information about credit sales or credit purchase is required, it is easily available.
(vi)Helpful in Increasing Efficiency. It increases the efficiency of the workers as they work with speed and accuracy.
(vii)It helps in Internal Check It is helpful in internal check and the audit work can be finished at the earliest.
(i)Division of Labour Use of subsidiary books reduces the work load of the journal.
(ii)Maintenance of Records Systematically and Accurately It also helps in maintaining records accurately and systematically.
(iii)Saves Time It also saves time in locating any transaction.
(iv)Provide More Information It helps in providing more and more details, about all the transactions which otherwise would not be possible with one journal.
(v)Serves as Ready References It serves as a ready reference. If some information about credit sales or credit purchase is required, it is easily available.
(vi)Helpful in Increasing Efficiency. It increases the efficiency of the workers as they work with speed and accuracy.
(vii)It helps in Internal Check It is helpful in internal check and the audit work can be finished at the earliest.
(ii)Maintenance of Records Systematically and Accurately It also helps in maintaining records accurately and systematically.
(iii)Saves Time It also saves time in locating any transaction.
(iv)Provide More Information It helps in providing more and more details, about all the transactions which otherwise would not be possible with one journal.
(v)Serves as Ready References It serves as a ready reference. If some information about credit sales or credit purchase is required, it is easily available.
(vi)Helpful in Increasing Efficiency. It increases the efficiency of the workers as they work with speed and accuracy.
(vii)It helps in Internal Check It is helpful in internal check and the audit work can be finished at the earliest.
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