Question

disadvantages of ledger approach

Answer 1

Disadvantages of having self-balancing ledgers:

Adds more challenges to small concerns re: more costly to maintained ( hiring separate staff to maintain these ledgers)
More clerical work as the need to maintain additional columns in subsidiary books


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Answer 2

Advantages of having self-balancing ledgers:
Localizes the errors and facilitates in quick detection with minimum efforts;
Facilitates division of work amongst different accounting staffs in the Accounts department;
Responsibility for committing errors can be fixed;
Possibility of collusion is lessen as the ledgers are maintained by different accounts staff;
Facilitates the preparation of interim accounts and draft final accounts
Disadvantages of having self-balancing ledgers:

Adds more challenges to small concerns re: more costly to maintained ( hiring separate staff to maintain these ledgers)
More clerical work as the need to maintain additional columns in subsidiary books.