Question

Petty cash book records : ​

Answer 1

Answer:

All small expenses are recorded by the petty cashier.

Explanation:

The company had a main cashier,He maintained all cash related transactions. To reduce the burden of the main cashier the company appoints a another cashier named petty cashier who maintains all the petty expenses of the company. the main cashier gave some amount to the petty cashier for the month. he spend expenses of that month.

     FOR EG:

                stamp, postage, stationary, travelling expenses(bus fare), tea expenses etc.,

    There are two types of petty cash:

                   Imprest petty cash

                   Non imprest petty cash