Petty cash book contains daily office expanses like tea,
stationary
etc. & we are daily close this book.
cash book A book in which bank cash transactions are
recorded. These include receipts (from customers) and
payments (to suppliers) as well as bank charges, interest
received, etc.
1)cash book is used for large firms while petty cash book is
used for small firms like small shops.
2)cash book is monthly basis while petty cash book is daily
basis.
petty cash book is use for daily basis cash tranjection
data record.
Cash book is use for mothly basis cash tranjection data
record and petty cash book is the part of cash book
petty cash means which daily expenses of office/small expenses
posted separate cash book that is called petty cash book
which expenses and incomes are related to sale and purchase
and other direct and indirect expenses are posted in
separate a/c with cash account. that book is called cash book.
Petty Cash Book -It is another Cash Book which is
maintained, generally, in large business concerns to reduce
the burden of 'Main Cash Book', in which numerous
transactions involving petty (small) amounts are recorded.
Cash Book - contains all cash receipts and payments,
including bank deposits and withdrawals. Entries in the
cash book are then posted into the general ledger. The cash
book is periodically reconciled with the bank statements as
an internal method of auditing.
petty cash for the purpose of reducing the burden of cash
book from numerous small daily expenses and the cash book is
for transactions involving huge amount.
Suppose One asset purchased in 2006year and calculated SLN
method depreciation @10%pa for value 100000. Now middle of
the present year the assets was transfered to B company.
How can we take the accounting for previous depreciation,
asset value (transfer value) to debit B company. What is
the asset status in BS.
what is assesment? who do the assesment by income tax or
sale tax,and when doing the assesment?what is the perod
limit of assesment? assesment order sent by income tax or
sale tax which form?
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