Check sibling questions
Accounts and Finance
AP and AR Process

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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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.