Answer Posted / chls

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,
travieling expenses, purchase of stationery etc.) are
recorded is called petty cash book.
Great Answer Report

You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6

1564

---

legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?

3138

---

how to calculate stt

2813

---

what is mean by traditional accounting ?

2470

---

what you mean by cross dunning

2275

---

Difference Between Revenue & Capital Expenditure (Give an Example of each )

2203

---

Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?

2245

---

What is the difference between Deffered Tax Assets & Deffered Tax Liabilities

2273

---

what is undisclosed profit? explain

2440

---

What part can management policy play in the analysis of cost behaviour?

2116

---

emplementation of accounting standerds in Bangladesh, developing or copieng?

2256

---

Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

1124

---

Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...

2506

---

what are the customization u have done in sap mm

2328

---

institutional investors?

2109

---