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What is Pettycash book ? What ledgers should i make in Tally
7.2 ?

Answer Posted / jerome pravin

Petty means "small". Petty cash means cash retained (cash in hand by the organisation to meet small expenses. In tally Petty cash should be enter as follows make:

Ledger: Petty Cash
Under: Cash in Hand
(Current Assets)

Is This Answer Correct ?    16 Yes 1 No



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