The statement "Debits and credits are not listed on the journal" is true regarding the advantages of the journal in the context of transactional analysis. In a journal, transactions are typically recorded in chronological order and do not explicitly show debits and credits for each transaction separately, making it easier to track the flow of transactions without the explicit focus on debits and credits found in a ledger.
However, to clarify, in accounting practices, debits and credits are inherent in the records but may not be clearly delineated in the journal format itself.