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
(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.
Education, We provided best video classes for CA/CMA/CS/Class 11th & 12th/
Contact us on- 9999631597, 8448322142, 7303445575
Visit YouTube Channel CA/CMA Santosh Kumar
Click Now for Demo Video https://www.coceducation.com/free-lectures
Join WhatsApp group for your domain course http://whatsapp.coceducation.com
ENROLLED WITH US TODAY AND ENLIGHTEN YOUR