A Petty Cash Book is a document in which all petty or small daily routine payments made from petty cash fund are systematically recorded.
Petty Cash Book is a type of Cash Book which is generally maintained in large businesses to reduce the burden of ‘Main Cash Book’. Petty Cash Book can be used to record numerous Sundry (small) amount transactions like postal, stationary, pantry, loading etc.
The Chief Cashier gives the Petty Cashier an amount of cash as an advance, to handle petty expenses for a fixed period of time.
The Debit side has the date and cash received from Chief Cashier, whereas the Credit side has all types of petty expenses like stationaries and printing, postage, loading etc.
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