The main advantage of a two-column account is that it maintains a running balance.
Correct Answer:
Verified
Q14: It is permissible to enter information about
Q15: Source documents provide objective,verifiable evidence of business
Q16: Copies of sales tickets or sales invoices
Q17: The purpose of a journal is to
Q18: The purpose of a trial balance is
Q20: The chart of accounts includes the account
Q21: Entering the account number in the Posting
Q22: Each entry in the journal affects two
Q23: A two-column journal has only two amount
Q24: An erasure may suggest that you are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents