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.
simple cash book petty cash book bank calsh book double cash book
petty cash book
cash book is the statement which contain's the total cash information . the information includes "cash in hand & cash at bank" petty cash book is maintain by company to meet their daily expenditure
Cash book with bank column is double column cash book.
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.
simple cash book petty cash book bank calsh book double cash book
Petty is anglicized from the french 'petite' (small). Small businesses buy minor quantities of stationary, postage etc for cash rather than paying by check. To keep track of those fees there is a dedicated petty cash book. Each day the petty cash book is balanced before putting the petty cash and daily receipts in the safe.
petty cash book
cash book is the statement which contain's the total cash information . the information includes "cash in hand & cash at bank" petty cash book is maintain by company to meet their daily expenditure
Cash book with bank column is double column cash book.
types of cashbook: single column cash book double column cash book triple column cash book one more type is petty cash book.. hope the answer satisfies you!!
how is cash book both a book of prime entr and an account
There will be no entry in cash book when cheque is paid into bank if cash was deposited into bank then there will be entry in cash book
In single column cash book only cash account is shown while in multi column cash book cash as well as bank account is also shown.
The petty cash book which is prepared in columnnor form is called anylatical petty cash book
petty cash book is the book which is used for the purpose of recording the payment of petty cash expenses.