A considerable amount of time and space is saved if a journal contains a special column for cash debits and one for cash credits.

Name: A considerable amount of time and space is saved if a journal contains a special column for cash debits and one for cash credits.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

By having separate columns for cash debits and credits, it becomes easier to track and reconcile cash transactions without having to search through multiple entries in a general ledger. This saves time and reduces the risk of errors.

A Considerable Amount of Time and Space Is Saved If