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Petty Cash Book Example
Petty Cash Book Example. The petty cash book accurately reconciles because the amount available in the. Petty cash is prepared just like a simple cash book having the debit and credit sides.

The chief cashier repaid ₹200 for the previous month's small expenses. Let’s look at one example of a petty cash book. At the end of one particular week, spending was as per the example above and the balance in the petty cash tin is £128.50.
Sarah Maintains A Petty Cash Book Using The Imprest System.
Solution the petty cash operation. The petty cash book is to enter how the cash available for daily expenses are spent for example milk, tea, taxi charges and. A petty cash book is just as its name suggests a book which is used for the purpose of recording small amounts of expenses in a business.
For Example Tea, Xerox Copy Etc.
The little cashier collects cash from the bank and notes the check. 1,000 for the next month of july. Spent ₹25 on some liquid stuff for cleaning.
Amount Received From The Head Cashier Is Recorded On The Debit Side, Whereas The Payments Are Recorded On The Credit Side.
The check is noted on the cash book’s payment side. Petty cash, as the name suggests, is a small amount stored in office boxes or drawers to be used to pay for small expenses, including employee meals and snacks. The is only one money column on the debit side and all sum received from time to time by the petty cashier from the chief cashier are entered in it.
Maintaining A Cash Book Under The Stated System Is Called An Imprest Petty Cash Book.
The petty cash book will be maintained by a separate cashier known as petty cashier in the accounting field. Analytical petty cash book example. The petty cash book is a recordation of petty cash expenditures, sorted by date.
It Does Not Include Transaction From The Bank Statements, Those Will Be Included In The Cash Book.
For example, on june 1, 2017, rs. Sarah had $38 in the cash till on 1 january 2019. The imprest amount is $250 and this is restored from the bank account on the first day of each month.
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