Write down the limitations of a journal.

Asked by Topperlearning User | 14th Jun, 2016, 05:30: PM

Expert Answer:

Limitations of journal are as follows:

  1. As the numbers of transactions in a business are large, journal becomes bulky and voluminous
  2. Journal does not provide information on prompt basis
  3. As the journal can only be handled by one person, it does not facilitate the installation of an internal check system
  4. Cash transactions are usually recorded in a separate book called ‘cash book’. Those transactions are not recorded in journal.

Answered by  | 14th Jun, 2016, 07:30: PM