3 limitations of cash book.

1.	3 limitations of cash book.
Answer» Answer: It FOLLOWS the Single ENTRY System of ACCOUNTING. Not as efficient, accurate and reliable as Accrual Basis of Accounting. No concept of matching revenues and expenses. It is not a good management tool as there is a TIME gap between the actual happening of the transaction and its actual RECEIPT or payment .

Answer»

Answer:

It FOLLOWS the Single ENTRY System of ACCOUNTING. Not as efficient, accurate and reliable as Accrual Basis of Accounting. No concept of matching revenues and expenses. It is not a good management tool as there is a TIME gap between the actual happening of the transaction and its actual RECEIPT or payment .

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3 limitations of cash book.​

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3 limitations of cash book.