Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 13 - No. 43)
What are the advantages of maintaining journals for sales and sales returns?
They provide a detailed record of sales and returns.
They simplify the process of entering transactions in the general ledger.
They provide a way to easily identify errors.
They replace the need for any other accounting records
Explanation
Journals provide a record of sales, making error identification easier. They are also helpful in entering transactions in the general ledger.
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