paid subscription to news paper's in patty cash book?
Answers
Answer: In this type of cash book petty expenses are classified into different heads of expense.
Total amounts of each heads are then transferred to the respective ledger accounts.
Its left hand side records all the receipts and right hand side records all the payments.
Therefore, subscription paid for newspaper being an expense will be recorded on the right hand side of the Analytical Petty Cash Book.
Hope it helps ya...
Answer:
Analytical Petty Cash Book:
In this type of cash book petty expenses are classified into different heads of expense.
Total amounts of each heads are then transferred to the respective ledger accounts.
Its left hand side records all the receipts and right hand side records all the payments.
Therefore, subscription paid for newspaper being an expense will be recorded on the right hand side of the Analytical Petty Cash Book.
Hope that works ..!!
Explanation: