Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 13 - No. 11)
What are the benefits of using a general journal?
It ensures errors are quickly discovered
It reduces the risk of fraud and theft
It can be passed on to any qualified person to continue and complete the work
It minimizes the total amount of assets
Explanation
The general journal allows to discover errors, reduces fraud risk, and can be passed to continue.
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