The major advantage of the journal proper is that it?

A. helps in the preparation of the balance sheet
B. prevents fraud and theft of item of the business
C. serves as a book of instruction to the bookkeeper
D. help the banking industry to be efficient

Correct Answer:

Option B – prevents fraud and theft of item of the business

Explanation

The advantages of using a journal in the recording process is, it discloses in one place the complete effects of a transaction, it provides a chronological record of transactions, & it helps to prevent or locate errors because the debit and credit amounts for each entry can be easily compared.