1) It enables the division of work among accounting personnel by assigning with separate books and it increases efficiency of personnel as they perform same activities daily.
2)It helps to save time and labor by recording similar type of transactions in a separate book.
3)It becomes easy to access the detailed information relating to a particular transaction as the transactions relating to one head are recorded in a separate book.
4) It helps to install internal check system as the subsidiary book maintained by a clerk is automatically checked by another clerk.
5) It helps to maintain accounts and thus avoids the necessity of journal entries.
6) The existence of separate books help in the detection of errors quickly in case of disagreement of trial balance..
7 comments:
Wonderful post - I was looking for a similar article. Thanks for sharing this article to your reader. You give very nice information about this post.
Startup Accounting
Thanks for sharing such valuable information.. I am very lucky to get this tips from you.
accounting toowoomba
Accounting and Tax is an independent accounting business specializing in the provision of audit services to trustees of Bookkeeping and CPA Services.
accountant services in Melbourne
How do you skyrocket your book sales without a bigger platform, email list, paid traffic, or PR?
It starts by understanding how your readers buy books today, and how you can reach them (without a huge marketing budget).
I've found something that can show you how.
Bestseller Ranking Pro provides authors and publishers with live data on every single bestseller list on Amazon for eBooks and physical books (all 19,669 of them and counting), as well as advanced video trainings on how to maximize your sales and sales rankings on Amazon.
Check it out here: http://XXX.bsrpro.hop.clickbank.net
If you haven't met Tom Corson-Knowles yet, the author who created Bestseller Ranking Pro, I think you'll find his story inspiring.
Like most authors who have been in the game for years, the only signs of interest Tom got from publishers were rejection letters. After six years of trying to get a traditional publishing deal, he finally decided to self publish his first book on Kindle in February, 2012.
It was a life-changing decision.
Just twelve months after publishing that first book, he had his first $12,000+ month from Kindle ebook royalties alone!
You can learn how in this video. These strategies have also helped him and his clients become #1 Amazon bestselling authors.
If you're going to write, publish or promote a book this year, you need to see this:
https://bestsellerrankingpro.com?jfgsu8945639dg7gnk
Good articles, Have you heard of Mr Benjamin, Email: 247officedept@gmail.com --WhatsApp Contact:+1-9893943740-- who work with funding service they grant me loan of $95,000.00 to launch my business and I have been paying them annually for two years now and I still have 2 years left although I enjoy working with them because they are genuine Loan lender who can give you any kind of loan.
Information Is Clear & Cover In Well Planned Paras as I m studying PGDBM from Osmania University Hyderabad.. Thank you Very much Sir
I will be helpfull if post is detailed.
Btw thank you ☺️.
Post a Comment