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Answers
Answer:
The following points highlight the top eight advantages of ledger.
The advantages are:
1. Preparation of Trial Balance
2. Presenting Final Position
3. Application of Double Entry System
4. Determining Results of Each Account
5. Maintaining Classified Accounts Indirect Advantages
6. Presenting Statistical Information
7. Collecting Information
8. Present Financial Position.
Explanation:
The following points highlight the top eight advantages of ledger. The advantages are: 1. Preparation of Trial Balance 2. Presenting Final Position 3. Application of Double Entry System 4. Determining Results of Each Account 5. Maintaining Classified Accounts Indirect Advantages 6. Presenting Statistical Information 7. Collecting Information 8. Present Financial Position.