Question

prepare a monthly petty cash book of the pocket money you receive every month. Mark all the important and monthly expenses for the month of December.
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Answer 1

Answer:

Petty Cash Book is maintained to record small expenses such as postage, stationery, telegram. A separate column is allotted for each type of expenditure. The difference between the total of the debit items and that of the 'total column' on the credit represents the balance of the petty cash in hand.