write two advantage of sectional balancing ledger system
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As different accountants can prepare different ledgers at the same time, accounts can be prepared at an early date. It also facilitates the preparation of interim accounts and early preparation of draft final accounts.
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Two advantage of sectional balancing ledger syste
1.Division of Work
In sectional and self-balancing system accounting work can be divided into different employees and the responsibility can be fixed for errors.
2.Minimization of Fraud
The different ledgers are maintained by the different persons and as such the dishonest employee will not be able to manipulate accounts.
Therefore, the above system minimizes the possibility of fraud.
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