While recording the transactions in petty cash book if all the expenses are analyzed and entries are recorded in cash book on the basis of this analysis such petty cash book is called “Analytical Petty Cash Book”.
What is an Analytical Petty cash Book?
The main advantages of Petty Cash Book
The main advantages of petty cash book are as stated below:
What is Imprest System in maintain Petty Cash Book?
The total of various columns are posted to the wain cash book. At the end of the period, the petty cashier is re-imbursed with the same amount of cash which he reports having spent during that period.
What is Petty Cash Book?
Every business ash to make payments involving smaller or petty amount e.g., carriage, cartage, coolly hire, postage telegrams etc.
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