Question

Which is not one of the Nakal Bahis?
(a) Petty Nakal Bahi
(b) Pakki Cash Bahi
(c) Debit Nakal Bahi
(d) Credit Nakal Bahi

Answer 1

Answer:

(b) Pakki Cash Bahi

Explanation:

All the mentioned terms refer to a petty accounts book, whereas the Pakki Cash Bahi is different.

Petty Cash is held as a miscellaneous fund to be readily available for use in a business operation involving minor transactions. It is necessary because this will prevent the issue of a check as payment for transactions or payments of small amounts.

The petty cash book is a structured overview, organized by date, of small cash spending. In most cases, the small cash book is, rather than a machine record, a real ledger register. The book is therefore part of a manual record keeping system.