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Explain the advantages of self-balancing ledger system?

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Question added by Abdul Khalique , Finance Manager , Value Real Estate & Construction
Date Posted: 2016/03/14
Maria Angelica Durolfo
by Maria Angelica Durolfo , Accounts Supervisor , House of Shipping Management Consultancies LLC

There are a lot of advantages in self balancing ledger system. One is we are able to detect errors immediately which can act as an internal check. Also, balancing is done quickly and thus save time, labor and money. And most importantly, it promotes specialization and efficiency.

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