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Can any one explain me petty …

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Can any one explain me petty cash book
  • 2 answers

Tripti Singh 3 years, 11 months ago

The main cashier give some money known as imprest money on the beginning of weak or month to petty cashier and the petty cashier spent the money on petty expenses ....and in the last of week or month ...petty cashier total out the expenses ....and ask main cashier to again give the money for next week or month .....for example ...if the main cashier gives 500 Rs and this money is known as imprest money to petty cashier for the expenses in the beginning of week or month ...and let us suppose that the petty cashier spent 470 money for different expenses .. in a week or a month ...At the last date of month ... Petty cashier balance the money ...the money at last date left was 30 Rs ..then the petty cashier ask main cashier to again give some money for the expenses of next month ..the petty cashier has already 30 Rs so the main cashier give him 470 Rs and this money is known as imbrusement money ...and this whole system is known as Imprest System ..

Tripti Singh 3 years, 11 months ago

Petty cash book is made by petty cashier to record small and recurring expenses like wages , telephone paid etc to burden out the work of main cashier who maintain cash book ....petty cash book is a type of cash book in which only petty i.e small expenses are recorded ....
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