Accountancy, asked by cutekhushicute465, 10 months ago

Disadvantages of petty cash book

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Answered by js403730

0

Answer:

Disadvantages of Petty Cash Book

Petty Cash would be susceptible to a accounting errors because it has no sufficient documents for tracking the cash.

Due to lack of control, Petty Cash are always in a chance of misappropriating of the fund. ...

The fund of petty cash may be used in unauthorized expenses.

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