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what is the difference between cash book and petty cash
book?
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Answer / peter rabago
Petty cash book is a book of origina entry that is used to record minor business transactions that recure on daily basis like sundries expenses,travelling expenses while a cash book is a specialise d ledger that comprises of cash and bank accounts as well including discounts, both allowed and received accounts.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / yasir sethi
Petty cash book record small amount daily cash expenses like cash paid for tea, stamp, paper pin, ink ball point etc... is sub part of main cash book its use to reduce entries in main cash book, which is not updated on daily bases.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / angela
Petty cash book involves an organization know their expenses periodically
Cash book helps organization know expenses monthly
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / johneyahuja
petty cash book
is not important
in every
transaction and
cash book is
used for every
transaction and
every bank .
| Is This Answer Correct ? | 13 Yes | 24 No |
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