What Is Petty Cash Book?

It is a book where petty expenses e.g postage are recorded.the only debit transaction in a petty cash book is the amount given to the cashier by the main cashier.other receipts,however small are recorded in the main cash book.

It is another cash book which is maintained, generally, in large business concerns to reduce the burden of 'Main Cash Book', in which numerous transactions involving petty (small) amounts are recorded. For this purpose, a petty cashier is appointed by the chief cashier. The chief cashier advances a sum of money to the petty cashier to enable him to meet petty expenses for a fixed period. The petty cashier will record this amount on the debit side of the petty cash book while the chief cashier will record the same amount on the credit side of the main cash book.

The fundamental difference between the main cash book and the petty cash book is that only petty expenses are recorded in the petty cash book. No receipt (with the exception of money received from the chief cashier), however small it may be, is recorded in it. But in the main cash book all receipts (big and small) and large expenses are recorded. Thus we see that in large organizations both the books are essential, although the importance of the petty cash book is somewhat less than the main cash book. Thus, the book in which small payments, which are not convenient to record in the main cash book, (like postage, traveling expenses, purchase of stationery etc.) are recorded is called petty cash book.

In such type of cash book there are small amt. Of expenditure are recorded.e.g. Postage ,stamp etc.

Is a small amount of cash to pay everyday necessities such as stationary, tea,coffee and stamps in every department

It is a book in which the daily transactions are noted.

Petty cash book contains daily office expanses like tea, stationary etc. & we are daily close this book.

In petty cash book you record small expenses, like stationary,post,food,etc.

As the implies,it is a book of original entry that is used for recording of petty expenses.

Petty cash book is nothing but the reg-ester of small expense's.

A memorandum book of small receipts and expenses

Registering small expenses like transportation, postage, stationary, and office tea expenses. Its subtotal is transfer to the the main cash book. But detailed invoice is keep at petty cash book.

This sis cash book used to record the day to day  petty disbursement, like cost of photocopy stationery, etc it is always maintained by the petty cashier.

By ba