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Discuss the advantages of keeping cash …

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Discuss the advantages of keeping cash book

Posted by Aaniya Shaikh 3 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 3 years, 7 months ago

Advantages of Cash Book
Cash book offers the following advantages:

It offers easy verification of cash by matching the balance in the cash book with actual cash in hand and is therefore helpful in identifying mistakes in the entry.
It helps in creating a regular record of transactions date wise for the convenience of accounting personnel.
As it is maintained date wise, any cash payments or the transaction can be correctly traced back in the cash book.
It is helpful in detecting any cash frauds in the organisation.
It helps in saving time and labour by reducing the workload

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