CBSE Class 11-commerce Answered
Write down the limitations of a journal.
Asked by Topperlearning User | 14 Jun, 2016, 05:30: PM
Expert Answer
Limitations of journal are as follows:
- As the numbers of transactions in a business are large, journal becomes bulky and voluminous
- Journal does not provide information on prompt basis
- As the journal can only be handled by one person, it does not facilitate the installation of an internal check system
- Cash transactions are usually recorded in a separate book called ‘cash book’. Those transactions are not recorded in journal.
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