Accountancy, asked by garigd345, 1 year ago

Advantage and disadvantage of bank slip system??

Answers

Answered by Aanchal3104
0
advantages

(i) it reduces the possibility of errors and frauds;

(ii) it saves a lot of time since it is prepared by the customers themselves;

(iii) it provides a good system of internal check etc.

Disadvantages of Slip System:

The system is also not free from snags. It suffers from the risk of loss, misappropriation or destruction of slips since they are loose.


Answered by rimjhimsharma1
0
ADVANTAGE

it reduces the possibility of errors and frauds

DISADVANTAGES

the system is not free from snags and it suffer from the risks


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