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The major importance of a cash book,

  • Cash book keeps track of the petty cash purchases that would easily slip through
  • Shows how much money the business has from time to time
  • It is highly important for the operational functioning of an organization
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Q: The importance of the cash book to businesses?
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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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What do you mean by petty cash book in small scale industry?

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.


Which cash book is usually maintained by the farmer?

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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


What is cash book with bank column?

Cash book with bank column is double column cash book.


Types of 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 cash book a both book of prime entry and ledger account?

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What will be the entry in cash book when cheque is paid to bank?

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