A petty cash book gives management a record of all the little odds and ends that are purchased out of petty cash, e.g., stationary supplies, postage, coffee service items, small parts, etc. Knowing who?, what?, where?, and how much? gives management a sense of control, and a place to start when questioning unusual expenditures, or holding somone accountable.
From an accounting perspective, all those little expenses can be lumped under the single heading of "petty cash" without having to go into the minute detail of all the things that were bought. The book can also be used as a source for determining how much is being spent on regularly recurring items. If the expense warrants, it might be taken out of petty cash and given its own line item and budget.
The petty cash book which is prepared in columnnor form is called anylatical petty cash book
petty
petty cash voucher is released by the handler of the funds to support every payments made. petty cash book contains a summary of all petty cash disbursements, its total and the balance.
cash book is the statement which contain's the total cash information . the information includes "cash in hand & cash at bank" petty cash book is maintain by company to meet their daily expenditure
A petty cash book is used to record miscellaneous transactions
The petty cash book which is prepared in columnnor form is called anylatical petty cash book
petty cash book is the book which is used for the purpose of recording the payment of petty cash expenses.
petty
petty cash voucher is released by the handler of the funds to support every payments made. petty cash book contains a summary of all petty cash disbursements, its total and the balance.
cash book is the statement which contain's the total cash information . the information includes "cash in hand & cash at bank" petty cash book is maintain by company to meet their daily expenditure
A petty cash book is used to record miscellaneous transactions
The importance of Petty Cash Book Imprest System is that it helps in basic bookkeeping. The daily transactions that use the petty cash are entered into this system which ensures that there is proper issuance of petty cash.
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petty cash book
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arrey yaar i just want to learn in detail petty cash book
A petty cash book is a book of vouchers which are prepared each time a disbursement is made from petty cash. The voucher would show the date, amount, recipient, purpose and general ledger account number relating to the expense. The person giving out the petty cash and the person receiving the petty cash would sign the voucher and any supporting documentation (such as receipts) would be attached.