Question

Define petty cash book.​

Answer 1

Answer:

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. ... This format is an excellent way to monitor the current amount of petty cash remaining on hand.

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Answer 2

The book in which those small payments are recorded, which are not convenient to record in main Cash Book, is called petty cash book.

Petty Cash Book is maintained to record small expenses such as postage, stationery, cartage, etc. A separate column is allotted for each type of expenditure.

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