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What a petty cash book voucher?
a petty cashbook voucher is a source document given by the petty cashier to the receiver of the money as a proof of payment.
Imprest Fund Imprest System?
The imprest system is the more popular system of petty cash. Under the imprest system, a fixed sum is established as a petty cash for a fixed period to meet the business requirement. The petty cashier is given a certain amount of cash, usually at the beginning of a month (could also be weekly or daily, depending on the size and type of business). At the end of the period, the petty cashier submits the accounts of expenses keeping surplus amount himself. Now, the head cashier gives to the petty cashier another sum for the reimbursement of the fund which equals the amount spent by him during the period. Thus, every time the petty cashier begins the next period with the same amount. Preffered method
Who has access to a petty cash?
a petty cashier
Explanation letter for petty cash?
petty cash voucher is a small amount of money use for daily expenses.
Small amount of money for incidental expenses that has the word pet in it?
petty cash
What a petty cash book voucher?
a petty cashbook voucher is a source document given by the petty cashier to the receiver of the money as a proof of payment.
Imprest Fund Imprest System?
The imprest system is the more popular system of petty cash. Under the imprest system, a fixed sum is established as a petty cash for a fixed period to meet the business requirement. The petty cashier is given a certain amount of cash, usually at the beginning of a month (could also be weekly or daily, depending on the size and type of business). At the end of the period, the petty cashier submits the accounts of expenses keeping surplus amount himself. Now, the head cashier gives to the petty cashier another sum for the reimbursement of the fund which equals the amount spent by him during the period. Thus, every time the petty cashier begins the next period with the same amount. Preffered method
What are the duties and responsibilities of a petty cashier?
In a business, petty cash is kept to buy small items that may be needed at any given time. The duties and responsibilities of a petty cashier is to keep track of this money, and to ensure that it is spent as it is intended, they must also keep accurate records and receipt.
Who has access to a petty cash?
a petty cashier
Explanation letter for petty cash?
petty cash voucher is a small amount of money use for daily expenses.
Small amount of money for incidental expenses that has the word pet in it?
petty cash
What is the purpose of petty cash?
so you don't have to write out a cheque for a small amount of money
What is a petty cash book?
Definition and Explanation:In almost all businesses, it is found necessary to keep small sums of ready money with the cashier or petty cashier for the purpose of meeting small expenses such as postage, telegrams, stationary and office sundries etc. The sum of money so kept in hand generally termed as petty cash and book in which the petty cash expenditures are recorded is termed as petty cash book.In large business houses , the cashier has to handle every day a large number of receipts and payments and if in addition to this he is further saddled with petty cash payments, his position becomes embarrassing. Besides, it is most common to find with large commercial establishments that all receipts and payments are made through bank. Since expenses like postage, telegrams, traveling etc, cannot be made by means of cheques, the maintenance of a small cash balance to meet these petty payments becomes all the more necessary.A petty cash book is generally maintained on a columnar basis - a separate column being allotted for each type of expenditure. The is only one money column on the debit side and all sum received from time to time by the petty cashier from the chief cashier are entered in it. The credit side consists of several analysis columns. Every payment made by the petty cashier is entered on this side twice - Firstly it is recorded in the total column and then to the appropriate column to which the expense is concerned. The total of the "total column" will naturally agree with the total of all subsidiary columns. The difference between the total of the debit items and that of the "total column" on the credit side at any time will represent the balance of the petty cash in hand and this should tally with the petty cashier's actual holding of cash.The posting from the petty cash book to the respective accounts in the ledger are made directly in total at the end of every month or any other fixed period.
What is a petty cash?
Definition and Explanation:In almost all businesses, it is found necessary to keep small sums of ready money with the cashier or petty cashier for the purpose of meeting small expenses such as postage, telegrams, stationary and office sundries etc. The sum of money so kept in hand generally termed as petty cash and book in which the petty cash expenditures are recorded is termed as petty cash book.In large business houses , the cashier has to handle every day a large number of receipts and payments and if in addition to this he is further saddled with petty cash payments, his position becomes embarrassing. Besides, it is most common to find with large commercial establishments that all receipts and payments are made through bank. Since expenses like postage, telegrams, traveling etc, cannot be made by means of cheques, the maintenance of a small cash balance to meet these petty payments becomes all the more necessary.A petty cash book is generally maintained on a columnar basis - a separate column being allotted for each type of expenditure. The is only one money column on the debit side and all sum received from time to time by the petty cashier from the chief cashier are entered in it. The credit side consists of several analysis columns. Every payment made by the petty cashier is entered on this side twice - Firstly it is recorded in the total column and then to the appropriate column to which the expense is concerned. The total of the "total column" will naturally agree with the total of all subsidiary columns. The difference between the total of the debit items and that of the "total column" on the credit side at any time will represent the balance of the petty cash in hand and this should tally with the petty cashier's actual holding of cash.The posting from the petty cash book to the respective accounts in the ledger are made directly in total at the end of every month or any other fixed period.
How do you fill petty cash voucher?
The way you fill out a petty cash voucher depends on the information on the voucher. Some vouchers for petty cash are filled out when you bring back receipts for what you spent. Basic information on the voucher is the date, what was bought, and the amount of money taken out of petty cash.
Is a debit to petty cash money that is taken out of petty cash?
credit
Just before lunch Sunil a petty cashier responsible for the petty cash book was asked by his manager for 30 from petty cash because he needed to buy some groceries and had no time to get the necessary?
sunil should pay back to her manager
