Accountancy, asked by basttameenu, 6 hours ago

Explain the slip system of book keeping. What are it's advantages and disadvantages?

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Answered by rani7913

Answer:

The main advantages of the slip system are: (1) The bank saves a lot of clerical labour as most of the slips are filled in by its customers. (2) Subsidiary books are avoided as posting is done from slips. .

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