Petty cash book types fiction

Following are my videos url pls click on my video and share my videos to your friends. The most important part of a petty cash system is the documentation of each transaction. Documenting transactions is the way a business documents business expenses for tax purposes. Types of petty cash book the following are the types of petty cash book. Here we detail about the three types of cash book, i. Any cash, which the petty cashier receives, will be recorded on the debit side left cash column of the book and any cash which he pays out will be recorded on the credit side right cash column of the boo k. Petty cash book format example definition explanation. So, the book, wherein day to day petty expenses for a particular period of a business concern, are recorded in chronological order of dates is called petty cash book. Cash received by the petty cashier is recorded on debit side and all payments for petty expenses are recorded on credit side in one column.

Columnar petty cash book and its preparation process. The is only one money column on the debit side and all sum received from time to time by the petty cashier from the chief cashier are entered in it. Simple petty cash book is just like the main cash book. It is another cash book which is maintained, generally, in large business. Simple petty cash book a simple petty cash book is one in which there is only one amount column on its both sides with common date and particular column. Simple petty cash book this type of book is maintained just like a cash book. Simple cash book contains only one amount column on each side debit and credit for recording cash receipts and cash payments. For this purpose, a petty cashier is appointed by the chief cashier. Petty cash book definition, types, format, examples. The debit column is used for entering the balance of cash in the hand of petty cashier at the beginning of the. A petty cash book is generally maintained on a columnar basis a separate column being allotted for each type of expenditure. Range of cash books, petty cash pads, receipt books and.