Explain the following: State the advantages of subdivision of Ledger.

The advantages of subdivision of ledger are: Easy to divide work: As a result of subdivision, records can be maintained efficiently by the concerned employee. Easy to handle: As a result of subdivision, the size and volume of ledger is reduced. Easy to collect information: From the different classes of ledger any particular type of transaction can be found out easily. Minimizations of mistakes: As a result of subdivision chances of mistakes are minimized. Easy to compute: As a result of subdivision, the calculations in accounting may be computed quickly which is very helpful to the management. Fixation of responsibility: Due to subdivision, allotment of different types of work to different employees is done for which concerned employee will be responsible.