what is the difference between cash book and petty cash
book?
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Answer / kirti
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.
| Is This Answer Correct ? | 269 Yes | 34 No |
Answer / kiran kumar padhy
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.
| Is This Answer Correct ? | 132 Yes | 26 No |
Answer / g-connect
1.petty cash book is used for recording all petty transactions which also involves an imprest system while the cash book is an extensive part of the petty cash book that record all cash transactions whether big or small.
2. The petty cash book makes use of cash float at the beginning of the period while the cash book makes use of cash in hand or bank brought forward at the beginning of the period.
| Is This Answer Correct ? | 95 Yes | 12 No |
Answer / apau gyaub isaac
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.
| Is This Answer Correct ? | 74 Yes | 24 No |
Answer / anamika sheoran
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
| Is This Answer Correct ? | 83 Yes | 49 No |
Answer / ravi naidu
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.
| Is This Answer Correct ? | 65 Yes | 34 No |
Answer / otara
Petty cash books is a record of daily office expenses like fare, bread etc while cash book contains records of monthly cash and bank transactions
| Is This Answer Correct ? | 35 Yes | 4 No |
Answer / amos mwendwa
petty cashbook is used in transactions of credits while cashbook is used in recording both credit and debit transactions
| Is This Answer Correct ? | 30 Yes | 11 No |
Answer / jagdish singh adhikari
petty cash book contains daily expenses, which has not more
than Rs.20,000.00 and cash book contains the bank cash
receipt and withdrawal entries.
| Is This Answer Correct ? | 35 Yes | 22 No |
Answer / faiza
The person who maintains petty cash book is custodian while
cash book is maintained by cashier
| Is This Answer Correct ? | 40 Yes | 27 No |
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