Question

Advantages and disadvantages of subsidiary books

Answer 1

advantages 1. subsidiary books help in identifying the nature of goods .2with the help of this books easy to record data and not any barrier for creating them . day to day records are maintained in this books and easy to get any information regarding sales , purchase and that transactions which is taking or giving on credit. this books are helpful in making the financial accounts . disadvantage. 1 employees create any entry in this books because no one is supervise them . he make any mismanagement and manipulation of cash and they are no make any entry of receipt of cash and this cash is taking by them in their use . in that case no advantage of subsidiary books .it creates very high paper work. and long registered are maintained and this is time consuming process for creating final accounts.