state gov Kerala (കേരളം) PSC Divisional Accountant Test Series 2025 Accountancy Self Balancing Ledger System
Which of the following statements is INCORRECT in relation to Self - Balancing Ledger system?
1
Various works can be done quickly as this system provides sub - division of work among the different employees.
2
Committing fraud is minimised as different ledgers are prepared by different clerks.
3
If ledgers are maintained under self-balancing system, it becomes very easy to locate errors.
4
This system is particularly useful where there are a limited / smaller number of customers or suppliers.