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Standard XI
Accountancy
Petty Cash Book
Explain the P...
Question
Explain the Post Box service provided by Post Office. State any two advantages to the organisation which uses this service.
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Solution
The services provided by Post office can be classified into two categories:
1. Mail services:
Register Post, Speed Post, Direct Post etc.
2. Financial services:
E-Money order,
Instant Money order,
Post office Savings Scheme,
Post office life Insurance,
Mobile money transfer.
The advantages for an organisation to use these services are :-
1. Saves time in transfer of important goods.
2. Better investment of finance if invested in such schemes.
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