Write the need / Advantages/ merits / uses of journal.

1.	Write the need / Advantages/ merits / uses of journal.
Answer» It provides date-wise record of all the transaction so that the reference of transaction will be quick and easy. • It gives whole record of all the transaction at one place. • By writing journal narration, it help to understand the purpose and nature of entry. • It avoids the making of immediate entries in the ledger book.- • It helps to avoid the mistakes or errors in the books of accounts. • It is necessary for recording the opening entries, closing entries and adjusting entries. • It helps to identity the errors which were in the books of accounts. • It is a book of prime entry or original entry.

Answer»

It provides date-wise record of all the transaction so that the reference of transaction will be quick and easy.

• It gives whole record of all the transaction at one place.

• By writing journal narration, it help to understand the purpose and nature of entry.

• It avoids the making of immediate entries in the ledger book.-

• It helps to avoid the mistakes or errors in the books of accounts.

• It is necessary for recording the opening entries, closing entries and adjusting entries.

• It helps to identity the errors which were in the books of accounts.

• It is a book of prime entry or original entry.

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