Interested to Buy Any Domain ? << Click Here >> for more details...
3- Does petty cash book link to cash book, explain?
- 1 Answers
- 2637 Views
- I also Faced
- E-Mail Answers
Answer Posted / aqeel raza
Petty cash book is the part of cash book, it maintains to record small transactions such as conveyance, cartage, entertainment, postage, small repairs, etc.
Petty cash fund is issued by cash book debiting petty cash funds account. The petty cash fund decrease cash from cash book and increase cash in petty cash book. Petty cash expenses are paid through petty cash voucher and recorded into petty cash book in specific column and many other accounts which have no column is written in other account.
Having been paid expenses, the total of each account is journalized into ledge as petty cash expenses; head wise debt and petty cash fund credit. The ledger balance becomes equal to petty cash book balance and for the same way the fund issued and spends.
In other words, we can say the petty cash book is the sub book of cash book.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
Let me know the liability positions of Partners
Tell me how many types of business transactions are there in accounting?
Tell me what is accrual accounting?
Were i have to enter for agreements in tally and in which ledger it will come
what is opening stock formula?
What is the purpose of a balance sheet?
Explain some of the accrued expenses and the accounts in which you would record them?
What do you mean by ledger posting?
How do you maintain accounting accuracy?
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?
how to account branches in tally
