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Performs analysis and cash payments received assurances from the books shown on this page.

Petty Cash Book

Each company must make payments for smaller amounts or small, for example. transport, transportation, cold environment after telegrams, etc. It is common for business units to maintain a separate cash book to record small payments only. Cash book is known as petty cash book. Relieves the main cash book transactions involving many are small and also helps reduce the workload of the box with his head.

System Imprested

At the end of balancing the petty cash has received a new payment amount of control over the same period. The usual way to keep a little book money is usually in order to obtain the expenditure analysis. The book is a column on the expenditure side, save the receipt of cash (only the main cashier) and the credit has been divided into several columns. Name and number of columns in each case depends on the requirements of the business.

Benefits

(1) Reduces the workload of the box with his head.

(2) Effective control can be used on a small portion, as each payment is supported by vouchers and supporting documents are often studied, ie. At the end of each balancing period.

Accounting Treatment

Periodic inspections established for petty cash are recorded on the credit side of cash book and petty cash charge of A / C in the general ledger. In times of balancing the petty cash book will be analyzed in the different columns in it. For each column provided init (excluding financial and different columns) opened a fictitious account in the ledger. Each expense account or nominal account will be debited and Ale Petty Cash will be credited. The reason is that the cash book is considered a notebook only.

Column analysis or Petty Cash Book

While the recording of transactions in the cash book, if all expenses are analyzed and recorded in the cash book entries on the basis of this analysis. These cash books is called “book analysis of petty cash.” All costs are recorded in books in accordance with the decision. The description of each expenditure listed in the column of information, but the head of the expense is recorded in separate columns. At the end of the period, this book is balanced small change in the same way as in the case of small simple cash book.

The author is an engineering graduate (with honors), and runs his own software development firm, HiTech Computer Services, which deals mainly with accounting, billing and inventory control software for traders, industries, business houses, hotels, hospitals, medical equipment stores, newspapers, magazines, service stations, car dealers, commodity brokers and other businesses, websites and web applications for business development.

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