What is petty cash book? Write the advantages of petty

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Petty cash is a small amount of cash belonging to a business and kept on its premises Typically, petty cash will be used for small incidental office costs

Whatis petty cash book? Write the advantages of petty cash book? Petty cash reconciliation is the process by which the business ensures that its cash funds are being spent according to internal guidelines and policies and

charging point in vande bharat When petty cash is used to make purchases, no accounting journal entries are made; instead, they are only made when the custodian needs more money and receives If there were cash overage, the petty cash account would be debited and the cash over and short account would be credited In this case, the expense balance