Interested to Buy Any Domain ? << Click Here >> for more details...
What is petty cash and main cash book? Diff b/w them
- 2 Answers
- 13665 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / lavakumar
petty cash book: Petty cashier will record the petty
payments in a book is called petty cash book. Petty cash
book is mainained just like the cash book. Money recived
from head office is recorded in debit side, and payments are
recorded in credit side. genarally petty cash book
maintained on imprest system.
Cash book: In every business there will be a large number of
cash transactions i.e receipts & payments of cash. so it is
necessary to maintain a separate subsidary book ofr
recording the cash transactions. it is called cash book.
| Is This Answer Correct ? | 19 Yes | 3 No |
Answer / sourabh tripathi
petty cash book is one of 8 subsidiaries books maintained by a organisation where cash transactions of day to day activities which includes very less amount of cash, is known as petty cash book
where as cash book holds all cash and bank transactions where in balance from petty cash book is also shown.
petty cash book is maintained on a monthly basis where as cash book is prepared annually
| Is This Answer Correct ? | 1 Yes | 1 No |
If net profit is a profit why does it appear on the liability side of the balance sheet
How long are you working as thise field? Why did you choose to make your career in thise field?
Expand SCERT
What should be considered as best in the company's view either debt or equity? Explain briefly?
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
What is the difference between P/L A/c and Balance sheet? When an adjustment account is prepared?
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
what is purchase consideration?
Explain why retained earnings have an opportunity cost associated?
euro currency market
Short Answer on _____________Whole Sale Trade
BY WHOME THE BANK RECONSILIATION STATEMENT IS PREPARED
44 Answers Capital IQ, CPT, ICICI,
Audit 
