The purpose using the petty cash book for what purpose using?
2007-08-24 02:12:19 · 5 answers · asked by Meili Wong 2 in Business & Finance ➔ Personal Finance
most business have a petty cash fund -- it is a small amount of cash (amount 200.00) and is used to cover small cod delivery postage limit office supplies etc!!! oh you are back still doing your home work!!!
2007-08-27 11:58:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Petty cash book is maintained for small expenses. These small expenditure are deducted from petty cash fund. Petty cash fund means small amount of cash. Payments from petty cash fund are made through vouchers.
2016-03-11 20:36:08 · answer #2 · answered by Barkat 2 · 0⤊ 0⤋
petty cash book is usually for when you need cash right way.... you usually record your receipts or purchases... It can be used for a variety of things but replacement of the money at the end or the beginning of the month to set it straight again... It is usually a handle limit like $300.00...
2007-08-24 02:24:26 · answer #3 · answered by De 5 · 0⤊ 0⤋
Keep track of small, incidental cash spending. To reconcile the cash box.
2007-08-24 02:16:52 · answer #4 · answered by hottotrot1_usa 7 · 1⤊ 0⤋
This is a book that takes in small transactions of money.
2014-11-04 04:54:23 · answer #5 · answered by Edward 1 · 0⤊ 0⤋