What is Petty Cash Book?
Answers were Sorted based on User's Feedback
Answer / arif ilteja khan
petty cash is a small amount of discretionery funds in the
firm of cash used for expenditure where it is not sensible
to make the disbursement by check because of the
inconvenience and cost of writing singing and the cashing
the check.
Is This Answer Correct ? | 12 Yes | 12 No |
It's as like as cash book.but something different .In cash
book we maintain two side i.e.,DR& CR.In petty cash book we
maintain the same ,but the credit side is divided into
expenditure ways.Like xerox , tea exp, stationery & etc.
Is This Answer Correct ? | 11 Yes | 11 No |
Answer / chandan pandey
in business routine all daily receipts (cash& cheques)are paid in to bank, like wise all payments done by cheques are entered in the cash book payments,these are of two types small and big.if all the payments are entered in the cash book it will become too bulky. there fore this payments are made by petty cashier, a person other than the main cashier.a petty cashier is given a certain amount of money and then all small payments like tea,coffee,carriage,etc.. which r of insignificant in nature are made by him.and the details are maintained in the petty cash book.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / manoj kumar
petty cash book always day to day various column for co.exp such as stationery , permillary exp. etc. so this decrease our cash and other side means dr. always receipt income such as cash sale , cash received from debtor.etc or sale of scrap things.this is petty cash book
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kafu.kafi
it is a account which shows all type of small expenses of
business which are not record in cash acconunt like tea ,
soap,etc
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / varma
the cash book or a record which is used to enter the minor or small \petty\ transactions is called pettycash book a seperate accountant is kept to maintain this cash book he is called petty cashier
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vidya
petty cash book is an enjoyment of day to day life
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / gurpartap singh
A petty cash book is one in which all petty or small payments made through petty cash fund are recorded systematically. Petty cash book is maintained by the petty cashier. Petty cash book can be maintained either in a simple or in analytical way.
Is This Answer Correct ? | 0 Yes | 0 No |
What is a cash flow statement? How is it different from a funds flow statement?
what is meant by portfolio management explain in breif ?
What is the branding line of Bank of Baroda?
What Personal Characteristics Should A Bank Clerk Possess?
What do you mean by term Usury?
Explain the different types of banking software applications are available in this industry?
how to calculate the p/v ratio, break even point and the margin of safety ratio when following statements are given. sales(1,00,000 units @ Rs.10/-) 10,00,000 Variable costs 5,00,000 contribution 5,00,000 Fixed costs 3,00,000 Net Profit 2,00,000
What is budgetary deficit?
When Shares Are Allotted to Shareholders at Par What Entry Will Be Passed?
0 Answers Joint Stock Company,
What do you know about Planning Commission and its Chairman etc.
What do you understand by the term Black Money?
0 Answers State Bank Of India SBI,
Can I Get A Credit Card After Bankruptcy?