Question

Question 16.
From the following information, prepare an Analytical Petty Cash Book:

Answer 1

Analytical Petty Cash Book:

Table attached below

Explanation:

A petty cash book is made to encourage little instalments in a business or association. The insignificant money account is a current resource and will have an ordinary charge balance (charge to increment and credit to diminish). A petty cash book is a book of vouchers which are made each time a cost is produced using trivial cold hard cash). Continuously the voucher would show the sum, reason, beneficiary, general record account number and data identifying with the costs.