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what is the difference between cash book and petty cash
book?
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Answer Posted / 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.
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