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What are the advantages of using a journal in the recording process?

What are the advantages of using a journal in the recording process?

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Expert Solution

The advantages of using the journal in the recording process are:

(1) It discloses in one place the complete effects of a transaction.

(2) It provides a chronological record of all transactions.

(3) It helps to prevent or locate errors because the debit and credit amounts for each entry can be readily compared.

Junaid answered 9 months ago
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