What is Petty Cash Book?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the effect of business cycles on the economy?

594


Explain the Types of Banks in India

691


What is the difference between FII and FDI

626


How will you define public expenditure?

631


Does the president have the power to allocate funds,without Legislative approval, to be used directly by individual companies?

2312






Do you think Digital Banking will help the masses in country like India?

620


What are the advantages proprietary firms?

560


What happens if a deposit is pre-paid?

567


CASE STUDY:- Assume you an insurance consultant dealing with an umbrella of insurance products of various insurance companies. You have been approached by the Dean of a college to give presentation on the insurance titled” life insurance fulfills the needs of a person”. The presentation a should include the various needs of a person at different stages of life. You have been requested to include sufficient example to make the presentation more reachable.

1720


Name some assets and liabilities for a bank?

645


What Are Adjusting Entries?

634


How many 'bullion markets' are there in india?

551


Do you know headquarters of some Indian Government Banks?

593


Give an example when your boss is not agreed with u. what did u do?

633


What Is Iloc (irrevocable Letter Of Credit)?

655