Question

state some demerits of cashbook​

Answer 1

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Demerits: Not very accurate: Since it is only recorded cash transactions and it doesn't include all the transactions. As a result, we can't say it is very reliable. Plus, under this accounting revenue or expenses is recorded when the company receives or pays cash, even in the different accounting periods.

Answer 2

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☛Demerits: Not very accurate: Since it is only recorded cash transactions and it doesn't include all the transactions. As a result, we can't say it is very reliable. Plus, under this accounting revenue or expenses is recorded when the company receives or pays cash, even in the different accounting periods.

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