Question

Discuss two advantages of making petty cash book?​

Answer 1

Answer:

Advantages of Petty cash book:

Simple method: Recording of transactions in a petty cash book is easy. ...

Time saving: Recording in petty cash book dsaves time and efforts of teh chief cashier.

Efficient control: At teh end of a period, Petty cash book is audited by the main cashier, so frauds and errors are less probable.

Answer 2

Answer:

mainly petty cash book is maintain by big size business. where day to day transactions are very much by petty cashier.

advantages

1 it helps to Control mistakes

2 help to divide main cashier work

3 save time

4Control over petty expenses

5 prevent frauds