Question

what is petty cash and how are the process of controlling it?​

Answer 1

petty cash is allocated each month for handling petty expenses based on previous month expenses.

it's controlled by cashier himself or a petty cashier is appointed

in company dealing with crores of money cannot deal with mere petty expenses like stationary, printing, posts, travelling, conveyance, and other such trivial expenses. here comes the work of petty cash book.

hope it helps u!!