In case company has multiple branches,cash would be maintained at each of the branches.In this case,i should be ensured that

  1. There is a maximum limit of cash which could be kept and their should be a reorder level
  2. There should be a separate person for handling cash at each branch.
  3. There also should be a separate person for verifying cash at each branch.
  4. Cash details should be periodically sent to the head office, which will pass entries in accounts

 

 

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About the Author

Davneet Singh's photo - Teacher, Computer Engineer, Marketer
Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 9 years. He provides courses for Maths and Science at Teachoo.