The fixed amount of money with which the petty cashier starts each period.
Imprest amount
Opening balance
Balance c/d
Cash balance
When a member of staff needs some petty cash he / she has to present the petty cashier a
Petty cash voucher
Petty cash credit voucher
Petty cash book
Who maintains a petty cash book in a concern?
Accountant
a senior staff
A junior staff
Cashier
In a petty cash book any money received are
Debited
Credited
Added to the opening balance
Adjusted to the respective heads.
Petty cash Book is a book of
Journal entry
Prime entry
Book keeping
Accounts
A record of small cash payments and occasionally small cash receipts.
Cash Book
Petty Cash Book
Receipts and Payments Account
Income and Expenditure Account
It acts as a ledger account for petty cash transaction. It lists the transaction for transferring to ledger accounts. Comment.
These are known as the imperest system of petty cash book.
These are the purposes of a petty cash voucher.
These are the methods to maintain a petty cash book.
These are the purposes of a petty cash book.
Instead of a folio column in a ledger, a petty cash book on the credit side has a
Receipt column
Analysis column
Discount column
No: of voucher column
