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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11
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What is a petty cash book? - Accountancy

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Questions

What is a petty cash book?

What do you understand by petty cash book?

Long Answer
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Solution

  • The petty cash book records small, petty expenses of a business, handled by a petty cashier.
  • It separates minor expenses like postage, telegrams, and coolie hire from the main cash book to avoid overburdening the chief cashier.
  • It acts as both the original and final entry book for petty expenses, showing cash received and payments made.
  • Its balance always shows cash in hand, ensuring payments don’t exceed the cash advanced.
  • The petty cash book improves efficiency and control over petty cash and reduces fraud risks.
  • Only total petty expenses are posted to the ledger, simplifying accounting tasks.
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Q II 10.
Chapter 7: Subsidiary Books - 2 - Very short answer questions [Page 146]

APPEARS IN

Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 7 Subsidiary Books - 2
Very short answer questions | Q II 10. | Page 146
C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 12 Accounting Records
EXERCISES | Q II. 7. | Page 150
C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 12 Accounting Records
EXERCISES | Q III. 9. (i) | Page 150
C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 12 Accounting Records
EXERCISES | Q III. 10. (i) | Page 150

RELATED QUESTIONS

Answer the following question in one sentence:

State the meaning of Imprest System of Petty Cash Book.


Do you agree with the following statement:

Petty Cash Book is a book having a record of big payments.


Complete the following sentence:

Petty Cash Book is used for recording ______ expenses.


Opening Petty Cash Balance   Petty Cash Received   Petty Expenses Paid   Closing Petty Cash Balance
250 + 1,750 - ? = 420

From the following information prepare Columnar Petty Cash Book kept on imprest system in the books of Manisha Books Stall, Beed.

2018 April   Amt (₹)
01 Opening petty cash balance 200
02 Received a bearer cheque to make up the imprest amount 1,200
03 Gave a tip to peon 40
04 Purchased stationery 150
05 Paid Taxi Fare 35
06 Purchased Stamp pad 140
07 Paid Cartage 40
08 Paid Bus Fare 30
11 Paid to sweeper 50
13 Purchased a box of pencils 40
14 Paid Mobile charges 35
15 Gave it to Sohan on account 250
19 Paid for Refreshment to staff 150
20 Paid Railway Fare 30
21 Paid Carriage 65

From the following information prepare Columnar Petty Cash Book kept on imprest system in the books of Manisha Books Stall, Beed.

2018 April   Amt (₹)
01 Opening petty cash balance 200
02 Received a bearer cheque to make up the imprest amount 1,200
03 Gave a tip to peon 40
04 Purchased stationery 150
05 Paid Taxi Fare 35
06 Purchased Stamp pad 140
07 Paid Cartage 40
08 Paid Bus Fare 30
11 Paid to sweeper 50
13 Purchased a box of pencils 40
14 Paid Mobile charges 35
15 Gave it to Sohan on account 250
19 Paid for Refreshment to staff 150
20 Paid Railway Fare 30
21 Paid Carriage 65

From the following information, prepare a columnar petty cash book kept on the imprest system in the books of Manisha Books Stall, Beed.

2018 April   Amt. (₹)
01 Opening petty cash balance 200
02 Received a bearer cheque to make up the imprest amount 1,200
03 Gave a tips to peon 40
04 Purchased stationery 150
05 Paid Taxi Fare 35
06 Purchased Stamp pad 140
07 Paid Cartage 40
08 Paid Bus Fare 30
11 Paid to sweeper 50
13 Purchased a Box of pencils 40
14 Paid Mobile charges 35
15 Gave to Sohan on account 250
19 Paid for Refreshment to staff 150
20 Paid Railway Fare 30
21 Paid Carriage 65

From the following information prepare Columnar Petty Cash Book kept on imprest system in the books of Manisha Books Stall, Beed.

2018 April   Amt (₹)
01 Opening petty cash balance 200
02 Received a bearer cheque to make up the imprest amount 1,200
03 Gave a tips to peon 40
04 Purchased stationery 150
05 Paid Taxi Fare 35
06 Purchased Stamp pad 140
07 Paid Cartage 40
08 Paid Bus Fare 30
11 Paid to sweeper 50
13 Purchased a Box of pencils 40
14 Paid Mobile charges 35
15 Gave to Sohan on account 250
19 Paid for Refreshment to staff 150
20 Paid Railway Fare 30
21 Paid Carriage 65

From the following information prepare Columnar Petty Cash Book kept on imprest system in the books of Manisha Books Stall, Beed. 

2018 April   Amt(₹)
01 Opening petty cash balance 200
02 Received a bearer cheque to make up the imprest amount 1,200
03 Gave a tips to peon 40
04 Purchased stationery 150
05 Paid Taxi Fare 35
06 Purchased Stamp pad 140
07 Paid Cartage 40
08 Paid Bus Fare   30
11 Paid to sweeper 50
13 Purchased a Box of pencils 40
14 Paid Mobile charges 35
15 Gave to Sohan on account 250
19 Paid for Refreshment to staff 150
20 Paid Railway Fare 30
21 Paid Carriage 65

From the following information prepare Columnar Petty Cash Book kept on imprest system in the books of Manisha Books Stall, Beed.

2018    Amt (₹)
April 01 Opening petty cash balance 200
01 Received a bearer cheque to make up the imprest amount 1,200
03 Gave a tips to peon 40
04 Purchased stationery 150
05 Paid Taxi Fare 35
06 Purchased Stamp pad 140
07 Paid Cartage 40
08 Paid Bus Fare 30
11 Paid to sweeper 50
13 Purchased a Box of pencils 40
14 Paid Mobile charges 35
15 Gave to Sohan on account 250
19 Paid for Refreshment to staff 150
20 Paid Railway Fare 30
21 Paid Carriage 65

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