The major advantage of the journal proper is that it
...The major advantage of the journal proper is that it
Helps in the preparation of the balance sheet
Prevents fraud and theft of item of the business
Serves as a book of instruction to the bookkeeper
Help the banking industry to be efficient
Correct answer is B
The advantages of using a journal in the recording process is, it discloses in one place the complete effects of a transaction, it provides a chronological record of transactions, & it helps to prevent or locate errors because the debit and credit amounts for each entry can be easily compared.
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........................1/7/2005............30/6/2006 Drawings......................................
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