Question

Define the term petty cash book.........

Answer 1

Answer

Petty cash is a system that funds and tracks small purchases such as parking meter fees that aren't suitable for check or credit card payments.

A petty cash book is a ledger kept with the petty cash fund to record amounts that are added to or subtracted from its balance.

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Answer 2

Answer:

Petty cash is a system that funds and tracks small purchases such as parking meter fees that aren't suitable for check or credit card payments. A petty cash book is a ledger kept with the petty cash fund to record amounts that are added to or subtracted form its balance.

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