Computer Science, asked by anjaligupta981671, 7 months ago

what are the advantages and disadvantages of a journal entry

Answers

Answered by Anonymous

3

Explanation:

Advantages

1. It provides the accounting data in chronological order

2. It reduces the possibility of error

3. Along with journal entry narration is written,explaining the entry

Disadvantages

Journal is not suitable for large volume of transactions
It requires analytical and technical knowledge for correct accounting

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