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Enter the following transactions in the columnar pettycashbook of a cashier who was given $100 on 1st March, 1991 on the imprest system:-1991March 2Paid for postage stamps8" 2Paid for stationary10" 3Paid for cartage4" 3Paid for postage stamps6" 8Paid for paper1" 12Paid for cartage6" 18Paid for trips to office peons2" 23Paid for ink and nibs4" 25Paid for Tiffin to office peons6" 26Paid for train fair5" 28Paid for bus fair4" 29Envelops and letter heads6" 30Printing address on above4" 31Taxi fareto manager10

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Q: What transaction are recorded in petty cash book?
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What is the difference between a cash book and a petty cash book?

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Analytical petty cash book?

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What is called as petty cash book?

petty cash book is the book which is used for the purpose of recording the payment of petty cash expenses.


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What are the difference of petty cash voucher and petty cash book?

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Petty cash transactions are small, miscellaneous purchases or expenses. In business, there is usually a separate cash fund for this type of transaction.


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Importance of Petty Cash Book Imprest System?

The importance of Petty Cash Book Imprest System is that it helps in basic bookkeeping. The daily transactions that use the petty cash are entered into this system which ensures that there is proper issuance of petty cash.


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Explain the imprest system of the petty cash book?

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