3- Does petty cash book link to cash book, explain?
Answer / aqeel raza
Petty cash book is the part of cash book, it maintains to record small transactions such as conveyance, cartage, entertainment, postage, small repairs, etc.
Petty cash fund is issued by cash book debiting petty cash funds account. The petty cash fund decrease cash from cash book and increase cash in petty cash book. Petty cash expenses are paid through petty cash voucher and recorded into petty cash book in specific column and many other accounts which have no column is written in other account.
Having been paid expenses, the total of each account is journalized into ledge as petty cash expenses; head wise debt and petty cash fund credit. The ledger balance becomes equal to petty cash book balance and for the same way the fund issued and spends.
In other words, we can say the petty cash book is the sub book of cash book.
Is This Answer Correct ? | 2 Yes | 0 No |
What is net Facilities?
I want to be an accountant so what so i do for been a good accountant...please tell me as soon as possible
the amount paid aganist the outstanding salary and the amount paid aganist the loan (liabilities)-how and where to make an entry?
Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!
I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.
what is financial MIS report and what is included in it. Please help me out to know the concept
how do we pass the Entry for Reserves? and What is the Meaning of Surplus?
What is Statory Books ?
Hi Everybody, Can anybody tell me the journal entry for below question, Charged interest on Capital Rs.1,500.00 Thanks,
service tax calculated on agreement value or market value whichver is higher for builders?
how could i explain the reasons to quit my previous job and what are the better reasons to quit my job?
what is the t code for report of miro booking & fb60?