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what is the Petty cash book ?
The purpose using the petty cash book for what purpose using?
5 Answers
- Anonymous1 decade agoFavorite Answer
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!!!
- 5 years ago
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.
- DeLv 51 decade ago
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...
- hottotrot1_usaLv 71 decade ago
Keep track of small, incidental cash spending. To reconcile the cash box.
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