What is Petty Cash Book?
Answer Posted / peeyush
A business firm faces a large number of monitary
transactions.Reciept and payment of cash holds most
important part in it. there will be some small cash
transactions say below 100/- or below 500/-. Entering all
these in the main cashbook will create overburden of works
to the Accountant. To avoid this a petty cash book is
maintaining by firms by the petty cashier. expenes of tea
for guests, postage paid, xerox copies etc comes in this
petty cash book. So it is the cash book for petty or small
expenses. The Cashier maintaining the petty cash book is
called petty cashier
Is This Answer Correct ? | 29 Yes | 11 No |
Post New Answer View All Answers
What are the different ways to value a company, a share, and a bond?
What are term loans? What are the features of term loans?
Is California Chapter 13 Bankruptcy (reorganization) Right For Me?
can you judge whether the stock is expensive by looking at its price?
What is BSE and NSE?
What are adjustment entries?
Do you know the difference between Balance of payment and Balance of Trade?
How many nations take part in G 20 Summit? Can you name them?
What is capital gearing ratio?
What do you mean by imps?
What is 'state development loans (sdl)'?
Name the rating system given by rbi for the banking sector?
In California What Property Can I Keep?
hi this is renuka i also face an interview in syndicate bank po of 23 aug 2009 plz suggest me the expected question what may they ask to me. my email id is renuka.ahlawat@gmail.com
Say you knew a company's net income. How would you figure out its "free cash flow"?