Accountancy, asked by khadijanisar1536, 1 year ago

Why we create petty cash book separately from cash book?

Answers

Answered by adityakumar4849
3
HEYY MATE HERE IS YOUR ANSWER...
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It is usual for the business units to maintain a separate cash book to record small payments only. ... In most cases, the petty cash book is an actual ledger book, rather than a
computer record. Thus, the book is part of a manual record-keeping system.

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Answered by Anonymous
3

Petty cash book is maintained separately because of the following advantages


1) It saves the time of the head cashier.


2) It will save the cashier time in writing up the cash book and posting into the ledger.


3) It will provide control over small payments.


4) It avoids the unnecessary details as it is convinient to post the total directly into the ledger.

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