MENU
Question -

Describe the advantages of sub-dividing the Journal.



Answer -

Sub dividing of Journal has following advantages:

  • Accountability: As each accounts are handled by individual accountants, it makes them more accountable and ensure that accounts are properly maintained.
  • Accuracy: Each accountant will be specialized in the work assigned to them and hence less chances of errors.
  • Division of Labour: As accounts are maintained by separate accountants it ensures faster recording and parallel recording of transactions.
  • Economical: As division of labour brings in specialization, the process becomes efficient and there by becomes economical.
  • Ease of Audit and analysis: The analysis of transactions which are similar in nature becomes easier.
  • Productivity: As the accountants gain expertise in handling specific account, in increases their productivity.

Comment(S)

Show all Coment

Leave a Comment

Free - Previous Years Question Papers
Any questions? Ask us!
×