What is Petty Cash Book - Format - Explanation - Example
The Book which is maintained for recording Small amou nt of Cash Paid. Mostly, the amount of Cash used for those Expenses which are incurred for running day to day expenses. Examples are Stationary Expenses, Travelling Expenses, etc. It is the part of Main Cash Book to reduce the burden of larger and huge amount of Cash Transactions. Only Cash Received from Chief Cashier is the Revenue that is recorded in it, otherwise, only Cash Payments are recorded in it. Petty Cash Book is a type of Special Journal . Petty Cash Book Format The format of Petty Cash Book is almost the same as that of Cash Book. There is a Debit Side And a Credit Side. You Ca n Also Find Out, " Rules of Debit And Credit Petty Cash Journal Entries Let Us Prepare Petty Cash Book for Compa ny ABC For September 2018 With the help of an Example. Suppose that: 2018 September Sep. 1. Cash Received from Chief Cashier Rs. 10000 Sep. 2. ...