Tag: recording and posting of cash transactions
Questions Related to recording and posting of cash transactions
The word "Petty" is derived from ______________.
The term "Imprest system" is used in relation to ____________.
Petty means ____________.
Imprest system of Petty Cash book is system in which head cashier first estimates the total petty expenses of a particular period say month or fortnight and estimated amount is given to petty cashier in advance to meet petty expenses of particular period.
A petty cash book which had many sub-columns on payment side for recording expenses which are repetitive in nature, e.g. postage and telegrams, printing & stationery, carriage & cartage, sundry expenses, etc. is called analytical/columnar petty cash book.
Simple petty cash book is not very popular.
In petty cash book________column records receipts.
The closing balance of the petty cash book is_______.
_________ is the book which is used for the purpose of recording the payment of petty cash expenses.
_______does not exist in the three column cash book.