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   Who keeps the petty cash book?

   • The person responsible for recording the receipts and the payments is known as the petty cashier. The company’s administrative department usually maintains the petty cash book as the accounts departments generally take care of more significant business transactions. Additionally, the admin department is also responsible for such kinds of expenses.

   Petty Cash Book - What Is It, Format, Types & Advantages - WallStreet…

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   How is petty cash calculated?

   • The balance of the on-hand petty cash is calculated as the difference between the total of the debit and credit items. The book where little payments are made that are inconvenient to record in the main cash book is known as a petty cash book. What guidelines apply to petty cash?

   Petty Cash Book - What Is It, Format, Types & Advantages - WallStreet…

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   What is a petty cashier?

   • These small expenditures are usually paid for using coins and currency notes rather than checks. The person responsible for spending petty cash and recording it in a petty cash book is known as the petty cashier.

   Petty cash book - Accounting For Management

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   What is petty cash book example?

   • In order to gain deep understand, please refer to the Petty Cash Book Example below: For example, the company has decided to set the petty cash float of $ 1,000 and this cash is withdrawn from bank account on 01 Jan 202X. Journal Entry: The company make journal entry by debiting petty cash and crediting cash at bank.

   Petty Cash Book | Journal Entry | Example - Accountinguide

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3. www.accountingcapital.com › petty-cash-bookPetty Cash Book | Types | Example | Format | Entry | Downloads

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   Learn what a petty cash book is, how to maintain it, and why it is useful for recording small and frequent expenses. Compare simple and analytical petty cash books, see formats and examples, and download templates.

4. www.accountingformanagement.org › petty-cash-bookPetty cash book - explanation, format, example, ordinary and ...

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   Feb 24, 2024 · A petty cash book is a type of cash book that is used to record minor regular expenditures such as office teas, bus fares, fuel, newspapers, cleaning, pins, casual labor, etc. These small expenditures are usually paid for using coins and currency notes rather than checks.

5. Videos

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     Petty Cash Book | CSEC Principles of Accounts Tutorials with Serain Jackson

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     Petty Cash Book - Concept & Problem - By Saheb Academy

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     THE PETTY CASHBOOK (PART 1)

     13 Mar 2022

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6. www.financestrategists.com › petty-cash-bookPetty Cash Book | Systems, Advantages, Types, Operation

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   Jan 31, 2024 · A petty cash book is maintained to record small expenses such as postage, stationery, and telegrams. A separate column is used for each type of expenditure. The difference between the sum of the debit items and the sum of the credit items represents the balance of the petty cash in hand.

   • There are three systems used to maintain petty cash - Open systems (or ordinary systems) for petty cash, fixed system for petty cash, imprest syste...
   • The two types of petty cash books are simple petty cash book and analytical petty cash book
   • A simple petty cash book is just like the main cash book. Cash received by the petty cashier is recorded on the debit side, and all payments for pe...
   • An analytical petty cash book is the most effective way to record petty cash payments. A separate column is assigned for each petty expense on the...

7. accountinguide.com › petty-cash-bookPetty Cash Book | Journal Entry | Example - Accountinguide

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   Learn how to set up, record and control petty cash transactions with examples and templates. Petty cash is the cash balance that company use for expenses which require immediate payments.

8. www.wallstreetmojo.com › petty-cash-bookPetty Cash Book - What Is It, Format, Types & Advantages

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   5 days ago · Learn what a petty cash book is, how it works, and why it is used to record small expenses in a business. See the difference between ordinary and imprest petty cash systems, and the advantages and disadvantages of using them.

9. www.accountingcapital.com › simple-petty-cash-bookSimple Petty Cash Book | Format | Example - Accounting Capital

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   Usually, the petty cashier maintains a petty cash book. It is like a petty cash account. A simple petty cash book looks like a cash book with two main columns (left for receipts & right for payments). There are mainly two types of petty cash books; Simple petty cash book; Analytical petty cash book

10. www.wikiaccounting.com › petty-cash-bookPetty Cash Book: Definition, Features Example, Format…

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    Learn what a petty cash book is, how it records small transactions, and how to create and reconcile one. See an example of a petty cash book for Graze Inc. with expenses and balances.