Advantages of Subsidiary Books
Advantages of Subsidiary Books
The use of subsidiary books has the following advantages:
(i) Division of Work: Since in the place of one Journal, subsidiary books are also maintained, accounting work can be divided among a number of persons.
(ii) Specialisation and Efficiency: When the same work is handled by a particular person for a considerable time, he acquires expertise in it and becomes efficient in handling it. Thus, accounting is done more efficiently.
(iii) Saving of Time: Various accounting processes can be undertaken simultaneously because of the use of number of books. Thus, it leads to saving of time.
(iv) Availability of Information: Since a separate book is maintained for each class of transactions, information relating to each class is available at one place.
(v) Facility in Checking: In case, the Trial Balance does not agree, locating the error or errors is facilitated by the existence of separate books. Since the number of transactions is less in each subsidiary book as compared to only one Journal, it is easy to locate the errors.
(vi) Responsibility: Division of work results in assigning a particular job to a particular person. If an error is committed in recording, responsibility can be easily fixed.
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