asked 95.5k views
4 votes
What are six advantages of books of prime entry​

1 Answer

3 votes

Answer:

The following are the advantages of maintaining books of original entry: (i) Future references to transactions become easy as transactions of similar nature are recorded in one journal. (ii) Mistakes in ledger accounts can be easily detected. (iii) Chronological recording of transactions reduce the chance of frauds.

Step-by-step explanation:

answered
User Jesse Schokker
by
7.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.