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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.
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.
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.
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.
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.
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.
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