Question

Give two adrautages of Journal ?
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Answer 1

Answer:

The advantages of using the journal in the recording process are: (1) It discloses in one place the complete effects of a transaction. (2) It provides a chronological record of all transactions. (3) It helps to prevent or locate errors because the debit and credit amounts for each entry can be easily compared.

Answer 2

Answer:

The advantages of using the journal in the recording process are: (1) It discloses in one place the complete effects of a transaction. (2) It provides a chronological record of all transactions. (3) It helps to prevent or locate errors because the debit and credit amounts for each entry can be easily compared.Journal provides records of all business transactions in one place on the time and date basis. All transactions are recorded on the basis of receipts or bill, so we can check authenticity of each journal entries with their bills.

Explanation:

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