Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 17 - No. 32)
What is a key advantage of using separate journals in the accounting system?
It makes the accounting process more complex.
It allows the task of bookkeeping to be divided between different people.
It reduces the accuracy of the financial records.
It is only suitable for small businesses.
Explanation
This is a key benefit, allowing specialization and division of labor.
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