Every business
receives cash and pays cash practically every day, all the receipts
and payment of cash are recorded in a separate book called the cash
book.
In modern times
cash includes not only legal tender money likes notes and coins but
also other form of money like cheques, bank drafts etc.
The business man
derives the following advantages by maintaining separate cash book .
It shows owner how
much he has received and how much he has paid.
It shows the owner
how much money there should be left his cash box at any given time
it receives the
owner of the trouble of counting his money whenever he wants to know
how much money he has in hand.
No comments:
Post a Comment