Accountancy, asked by Markus7110, 9 months ago

What is petty cash book? How it is prepared?

Answers

Answered by sowndhu8
3

Answer:

hope it helps!!..

Explanation:

Petty cash is a system that funds and tracks small purchases such as parking meter fees that aren't suitable for check or credit card payments. A petty cash book is a ledger kept with the petty cash fund to record amounts that are added to or subtracted from its balance. Petty cash should be part of an overall business accounting system that documents how your business moves funds between one account and another and how it spends its money.

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