what are the advantages of journal?????
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1) Journal provides records of all business transactions in one place on the time and date basis.
2) All transactions are recorded on the basis of receipts or bill, so we can check authenticity of each journal entries with their bills.
3) There is minimum chance to avoid any particular transaction because in journal transactions are recorded date basis.
4) Accountant writes every journal entry’s narration bellow of that journal entry, so other auditor can know what the reason of that journal entry is.
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