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What Is Petty Cash Book
What Is Petty Cash Book -
Explanation In all businesses some payments are made by check for better control over cash However for the payment of small expenditures e g stationery travel postage and newspapers paying by check is unreasonable In addition the chief cashier in a large business is required to handle numerous large transactions on a daily basis
The difference between a petty cash book and a cash book is that a petty cash book is used to record small and repeated transactions whereas a cash book is used to record transactions of larger sums
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Petty Cash Layout
Petty Cash Layout
Petty cash systems The cash allocated for petty expenditures for a specific period is entered on the credit side of general cash book and on the debit side of petty cash book The cash is given to the petty cashier either on ordinary system or imprest system which are briefly explained below 1 Ordinary system
Petty Cash book is the book which records small cash payment and receipt during daily business operation It is recorded in a separated chart account which enables to reconcile daily between accounting record and logbook It is usually the cash balance that company use for expenses which require immediate payments
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Download Petty Cash Book Format For Your Bookkeeping And Financial
Download Petty Cash Book Format For Your Bookkeeping And Financial
A petty cash book has a debit and a credit side to show the incomings and cash outgoings from the petty cash account Just like a normal cash book a petty cash book is periodically maintained across a month
Generally the petty cash book is a real ledger book that is a part of the manual record keeping system A petty cash book is quite necessary to create and facilitate small payments in a business or an organization It places and recognizes the expenditure for items such as postage and stamps bus fare and stationery expenses as
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https://www.wallstreetmojo.com/petty-cash-book
The difference between a petty cash book and a cash book is that a petty cash book is used to record small and repeated transactions whereas a cash book is used to record transactions of larger sums
https://www.investopedia.com/terms/p/pettycash.asp
Corporate Finance Accounting Petty Cash What It Is How It s Used and Accounted For Examples By Adam Hayes Updated May 21 2022 Reviewed by Somer Anderson Fact checked by Timothy Li
The difference between a petty cash book and a cash book is that a petty cash book is used to record small and repeated transactions whereas a cash book is used to record transactions of larger sums
Corporate Finance Accounting Petty Cash What It Is How It s Used and Accounted For Examples By Adam Hayes Updated May 21 2022 Reviewed by Somer Anderson Fact checked by Timothy Li
Petty Cash Book Explanation Format Example Ordinary And Imprest
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The Balance Of Petty Cash Book Is An Asset Or Income Accounting Capital
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