129k views
0 votes
State two reasons for maintaining a petty cash

User Mercer
by
4.5k points

1 Answer

1 vote

Step-by-step explanation:

the main advantages are:: reduction in numbers of translations many expenses of small nature recorded in petty cash book, the number of transactions reduced in the cash.

reduction of errors :: as the head cashier check the accounts of previous month and gives advance for the coming months, does ,errors if any are reduced.

User Jesh Kundem
by
5.6k points