what is the difference between cash book and petty cash
book?
Answers were Sorted based on User's Feedback
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 |
Expand R R
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER
What is the Mercantile accounting System?
what happens to each of the three primary financial statements when gross margin decreases?
Expand---------TRSP
How to calculate world GDP growth rate?
what is tangible Asset?
Hi Actually Im Accounts Executive Currently I Have one Offer as a Stores & Purchase Accountant can you suggest it is good and what type of works will be there ??
What Do You Mean By A Business Event?
What is difference between profit, revenue?
where we use the convetion of conservatisam in real life??