Report Writing
-written in a similar way as letters and emails
-requires HEADING
-sign in report
To : Head of the Society Dated:17th April,2024
Introduction/Purpose of Report
I,Sara Bilal,a resident of Defence housing society would like to
put forth a detailed report analysis on benefits and disadvantages
Of living in a society which relies entirely on digital currency.
First Perspective/Merits of digital currency
On one hand/One side of the coin/One perspective states that
Due to widespread usage of paying digitally,cash has become
Obsolete which is evident in markets and entertainment [Link]
Dynamics has spread to various cities of the [Link],small scale routine
Ventures are now completely devoid of paper money due to a single tap of a creditcard.
Due to this factor,online groceries have become a norm whether rsidents are near
Or [Link] people ,due to a generation gap,are unable to manage online [Link]
leads to a depravity of accessing resources at a faster pace as compared to younger
[Link],young start ups and old businesses have moulded themselves
To a cashless dealing with their happy customers due to countless discounts [Link]
Struggling class with poor daily wages often suffer due to this fast pace technology that
They are unable to access becaus of lack of education that would land them with a
Hefty income .Interestingly,a trajectory of payments is auto saved which later helps
In providing legal framework for many transactions
Second Perspective/Demerits of Cashless
On the other hand,those people who are accustomed to use digital payment method,often
tend to lose track of their spendings which is due to the very comfort that it
[Link],younger generation requires to learn the importance of spending
Hard cash,slipping out of their hand,this makes them conscious of saving moey for a rainy
[Link] can be stacked and saved for any emergency that might [Link],banks
discourage people dealing in cash altogether by adding unrealistic charges to deposit which
highlights a digital mafia ,elimianting bare cash wherever the find it.
Personal Perspective
Compelling evidence prove that digital payments have become a norm and one living
In the new millennium requires to accept and follow this method to gain full access to
Countless utilities as opposed to a common opinion that cash might help children
Learn practicality of [Link] need adaptation to latest updates in IT rather
Than practicing old [Link] change involves not just individual but
Important businesses as well which often become lifeline of an economy which
Justifies action of banks towards cash [Link] most strongest payment methods are
those which display a strong history of transactions that can facilitate expansion of one’s
business from one continent to another as is evident in structure of multinational
[Link] an example of Japan where not just cash but cashiers have also
disappeared giving way to customers ,developing values such as integrity and compassion
without being monitored.
Conclusion:
To conclude, this report has provided an authentic analysis of current societal view regarding
cashless system .I hope it will provide a fruitful outcome.
Looking forward to your response.
Yours faithfully,
Sara Bilal
(sign)