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Chapter 13
The Petty Cash Book
GlossaryColumnar petty cash book
This book has analysis columns on its credit side. Each column relates to a particular
type of expenditure, such as postage, stationery
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How to fill out form petty cash book
How to fill out form petty cash book
01
Open the petty cash book.
02
Start with entering the date of the transaction.
03
Enter the name or details of the person who received the cash.
04
Specify the purpose or description of the expense.
05
Record the amount of cash given out.
06
If applicable, include any supporting documents or receipts.
07
Ensure the entry is in the appropriate column (debit or credit) based on the cash inflow or outflow.
08
Calculate the new balance after each transaction and update it accordingly.
09
Continue filling out the form for all cash transactions.
10
Close the book once the designated period is over or when it reaches its capacity.
Who needs form petty cash book?
01
Businesses or organizations that handle and spend cash frequently.
02
Accountants or bookkeepers responsible for monitoring and reconciling petty cash expenses.
03
Managers or supervisors who oversee petty cash operations and need to track expenditures.
04
Any individual or entity that wants to maintain a systematic record of petty cash transactions.
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