1. To know the cash and bank balance of the business unit at any time
2. To know how much received and how much amount of cash paid.
3. Fraud or mistakes can be detected by verifying the closing balance of the cash book with actual amount of cash on hand.
4. It serves as a journal as well as a ledger.
2. To know how much received and how much amount of cash paid.
3. Fraud or mistakes can be detected by verifying the closing balance of the cash book with actual amount of cash on hand.
4. It serves as a journal as well as a ledger.
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