#1
10th August 2013, 10:45 AM
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Difference between cash book and petty cash book?
distinguish between cash book and petty cash book...could u please give me the details
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#2
15th August 2013, 08:42 PM
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Re: Difference between cash book and petty cash book?
Distinguish between cash book and petty cash book:-
1>all transactions in relation to cash are recorded in cash book,but all petty expenses in relation to cash are recorded in petty cash book. 2>cash book can be classified into single column,double column,triple column,and petty cash book,but petty cash book can be classified into simple and analytical petty cash bonk. 3>total of cash expenses are not transferred anywhere else,but summarised total of petty expenses are transferred to the cash book. 4>there is no gmprest system in a cash book,but under imprest cash system,a fixed advance is collected from head cashier by petty cashier. 5>contra system effect double column or triple column cash book,but there is no place of contra system under petty cash book. |
#3
16th August 2013, 05:58 PM
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Re: Difference between cash book and petty cash book?
Dear friend,
Petty cash book contains daily office expanses like tea,stationaryetc. & we are daily close this book. cash book A book in which bank cash transactions are recorded. These include receipts (from customers) and payments (to suppliers) as well as bank charges, interest received, etc. cash book is used for large firms while petty cash book is used for small firms like small shops. cash book is monthly basis while petty cash book is daily basis. Thanks |
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