actual meaning of petty cashbook in simple words.....
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April 26, 2020. The petty cash book is a recordation of petty cash expenditures, sorted by date. In most cases, the petty cash book is an actual ledger book, rather than a computer record. Thus, the book is part of a manual record-keeping system.
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Petty cash book is maintained for petty transactions, which involves low amount. Eg- postage charges, fare charges etc.
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