Business Studies, asked by mohondas312, 8 months ago

write two advantage of sectional balancing ledger system​

Answers

Answered by SweetPoison7
2

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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Answered by aruhi24
1

Answer:

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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