One of the total payment column and second in one of the analytical amount columns. Simple Petty Cash Book This type of book is maintained just like a cash book. The following are the types of petty cash book 1. Petty Cash Book. But, in every business a number of petty (small) Payment like that for postage, carriage, stationery, entertainment, cartage, conveyance etc.
Simple petty Cashbook Example – solution 2. Similarly, when cash is paid out the same is recorded on the credit or right hand side of the cash book. The petty cash book is of the following two types: Simple Petty Cash Book Analytical Petty Cash Book … When cash is received it is entered on the debit or left hand side. Actually, the petty cash book is maintaining each records in chronological order of dates. 14.5.2 Advantages of Petty Cash Book 14.6 Pass Book 14.7. As if we see structural view of the petty cash, it can include (1) Date (2) Description of expenses / particulars (3) Amount (Credit or Debit Amount (4) Types … The Book Containing the record of all cash passing into and out of a business is called the Cash Book. Any cash, which the petty cashier receives, will be recorded on the debit side (left) cash column of the book and any cash which he pays out will be recorded on the credit side (right) cash column of the boo k… Once the amount is spent, the record is presented to the head cashier for the review.
Cash book is a book of original entry in which transactions relating only to cash receipts and payments are recorded in detail. Imprest System of Petty Cash Book. The is only one money column on the debit side and all sum received from time to time by the petty cashier from the chief cashier are entered in it. The credit side consists of several analysis columns. Columnar or Analytical Petty Cash Book: For small-scale business, simple petty cash book is sufficient but on a medium or large scale business number of petty expenses increases hence it is desirable to have the separate record for each type of petty expenses. Ordinary or Simple Petty Cash. The petty cash book is a recordation of petty cash expenditures, sorted by date. In the ordinary system, a sum of cash is given to the petty cashier. Basically, petty cash book is also containing the two sides, a credit side (expenses and cash payments) and a debit site (cash receipts). Kangra. Three column cash book * Analytical petty cash book * the imprest system of betty cash * posting petty cash to the ledger Looking There are 2 types of Petty Cash Systems: Ordinary System and Imprest System . The person who is responsible for the recording the receipts and the payments is known as the petty cashier. … types of cashbook: single column cash book double column cash book triple column cash book one more type is petty cash book.. hope the answer satisfies you! are paid frequently even in a single day. The is only one money column on the debit side and all sum received from time to time by the petty cashier from the chief cashier are entered in it. Companies maintain two types of Petty Cash Book for all cash transactions of a business. Please differentiate for me the following types of cash books. But, in every business a number of petty (small) Payment like that for postage, carriage, stationery, entertainment, cartage, conveyance etc. The petty cash book is a book of vouchers which are made each time an expense is made from petty cash (money). Types of Petty Cash Books. 100.00 but in the next cheque an amount of Rs. But in the main Cash Book all receipts (big and small) and large expenses are recorded. No receipt (with the exception of money received from the Chief Cashier), however small it may be, is recorded in it. Imprest System of Petty Cash Book. The petty cashier is responsible to record the sundry expenses. Format of petty cash book. H.P. The petty cashier of John and James Company paid cash for the following expenditures during March 2018. Always the voucher would show the amount, purpose, recipient, general ledger account number and date relating to the expenses. Petty Cash Book is an accounting book used for recording expenses which are small and of little value, for example, stamps, postage and handling, stationery, carriage, daily wages, etc..
are paid frequently even in a single day. A petty cash book is generally maintained on a columnar basis – a separate column being allotted for each type of expenditure.
14.5.1. 14.5.1. Petty cash book is of two types: Columnar petty cash book, and Imprest petty cash book. ! It will be helpful if you understand the various types of petty cash book. These are expenses which are incurred day after day; usually, petty expenses are large in quantity but insignificant in value. CASH BOOK, PASS BOOK, BANK RECONCILIATION STATEMENT Dr. Jyotsna Sethi, Rekha Rani STRUCTURE 14.1 Introduction 14.2 Objectives 14.3 Cash Book 14.4 Types of Cash Book 14.4.1 Simple Cash Book 14.4.2 Two Column Cash Book 14.4.3 Three Column Cash Book 14.5 Petty Cash Book. Columnar petty cash book Imprest petty cash book. The periodic total of expenses column is …
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