The Cash Book which is meant for recording small (petty) payments (For example: Cleaning; Stationery; Travelling Expenses; Small payments to Supplier; etc.) in the business is known as Petty Cash Book. It is maintained by the petty cashier (subordinate of the Chief Cashier) using the Imprest System.
Under this system, petty cashier gets a certain amount on the first day of each month from the chief cashier and from that amount petty cashier pays all the small payments during the month and records them in the petty cash book. At the end the month petty cashier get verified the petty cash book from the chief cashier and gets sufficient cash to meet out next months small payments.
Format of Petty Cash Book
Petty Cash Book (Part 1)
Petty Cash Book (Part 2)Under this system, petty cashier gets a certain amount on the first day of each month from the chief cashier and from that amount petty cashier pays all the small payments during the month and records them in the petty cash book. At the end the month petty cashier get verified the petty cash book from the chief cashier and gets sufficient cash to meet out next months small payments.
Format of Petty Cash Book
Petty Cash Book (Part 1)
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