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.