PETTY CASH BOOK

Miscellaneous expenses such as conveyance, cartage, postage, telegrams and so on are common to every organization. These are generally repetitive in nature and it would burden the cashier to record all these payments in the main Cash book. Further, the cash book would become very bulky. Hence, large organizations usually appoint a petty cashier and maintain a separate Cash book to record such transactions. Such a cash book is called a petty Cash