Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 47 - No. 19)
What is a key benefit of a cash book?
It simplifies the process of tracking cash.
It provides up-to-date information on cash.
It reduces the risk of cash mismanagement.
It is used to create an income statement.
Explanation
A cash book helps track and control cash by providing updated information and reducing the risk of mismanagement.
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