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Yes It is and if we use some strategies in order to minimized the risks by counting cash during the working time would be more better than counting EOD.
And it will be more effective and less risky in order to get the outcomes as no shortages.
Yes petty cash handling is different compared to reporting and management jobs. Petty cash handler how he handling that can't possible by a financial reporting manager . He will definitely loss cash. Petty cash handling is not a big job, but very care need and daily balancing with denomination also will help to proper handling and will not loose any cash. Also any petty cash transactions keep voucher it will help us to control it
Yes, Cash Handing is more risky than responsible than professional jobs such as reporting, controlling or balancesheet preparation & it will be effect to balance sheet directly at the end of the day
Yes it is more risky, because it will be effect to balance sheet directly
Its not risky but could be.
It could be risky. But also necessary for daily running of small "petty" expenses in the office i.e. stationery, entertainment etc.
Petty cash is a daily office expense, it is risky because some time we sleeve entry and direct effect to balance sheet preparation, so its very risky.
yes it is more risky and responsible than professional jobs because you give profs against transactions
