Question

what are the advantages of maintaining a cash book?​

Answer 1

Answer:

Advantages of Cash book

Daily cash receipts and cash payments are easily ascertained.

Cash in hand at any time can easily be ascertained through Cash Book balance.

Any mistake in the book can be easily detected at the time of verification of cash.

Any defalcation of money can be detected while verifying cash.

Explanation:

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Answer 2

• Daily cash receipts and cash payments are easily ascertained.
• Cash in hand at any time can easily be ascertained through Cash Book balance.
• Any mistake in the book can be easily detected at the time of verification of cash.
• Any defalcation of money can be detected while verifying cash.
• Since cash is verified daily, Cash Book is always kept up-to-date