For a business having a large number of transactions it is practically impossible to write all transactions in one journal, because of the following
limitations.

• i. Periodical details of some important business transactions cannot be known, from the journal easily, e.g., monthly sales, monthly purchases.
• ii. Such a system does not facilitate the installation of an internal check system since the journal can be handled by only one person.
• iii. The journal becomes bulky and voluminous