Describe the advantages of sub-dividing the Journal.

Explanation

Sub dividing of journal has following advantages:

1. Accountability: As every accounts square measure handled by individual accountants, it makes them additional responsible and make sure that accounts square measure properly maintained.

2. Accuracy: every businessperson are specialised within the work allotted to them and thus less possibilities of errors.

3. Division of Labour: As accounts square measure maintained by separate accountants it ensures quicker recording and parallel recording of transactions.

4. Economical: As division of labour brings in specialization, the method becomes economical and there by becomes economical.

5. simple Audit and analysis: The analysis of transactions that square measure similar in nature becomes easier.

6. Productivity: because the accountants gain experience in handling specific account, in will increase their productivity.