In case company has multiple branches,cash would be maintained at each of the branches.In this case,i should be ensured that
- There is a maximum limit of cash which could be kept and their should be a reorder level
- There should be a separate person for handling cash at each branch.
- There also should be a separate person for verifying cash at each branch.
- Cash details should be periodically sent to the head office, which will pass entries in accounts
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