Is petty cash book is compulsory in all companies?



Is petty cash book is compulsory in all companies?..

Answer / ameet narayankhedkar

Yes, as there will be expenses which has to be paid only by
cash.

Is This Answer Correct ?    22 Yes 3 No

Post New Answer

More Accounting General Interview Questions

15 methods of depreciation and its examples

2 Answers   IBM,


What is working capital...?

5 Answers   Ambuja, Capital IQ, FIS,


Define "book value" as applied to accounting

0 Answers  


why the net profit arises on the debit side of profit and loss account wen the nominal acount rule states debit all expenses and losses and credit all incomes and gains

1 Answers  


i wanted to know that how much percent TDS deducted any kind of works, like civil work and Electricals works, machinery, ducting work, security service,

5 Answers  






What is cost accountancy? What are the objects of cost accountancy?

0 Answers  


X of Kolkata sends out goods costing 300,000 to Y of Mumbai at cost + 25%. Consignor’s expenses Rs 5000. 1/10th of the goods were lost in transit. Insurance claim received Rs 3000. The net loss on account of abnormal loss is (a) Rs.27,500 (b) Rs.25,500 (c) Rs.30.500 (d) Rs.27,000

2 Answers  


LIQUIDITY

1 Answers   Bank Of America,


What is menat by INVOICE?

3 Answers  


How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.

0 Answers  


what are main accounting entries in a vehicle dealer

0 Answers  


What is the difference between Finance and Accounts?

1 Answers   Cap Gemini,


Categories