petty cash book thereby eliminating such items from the main cash book. A simple format of petty cash book is given below: Example. Transactions are entered in date order and every entry is recorded in both the total column and one of the analysis columns. Since this task can be carried out by a junior member of staff it saves the cashier valuable time that can then be spent in other areas of work. Double Entries: Account Debit Credit; Petty Cash: $ 1,000: Cash at Bank: $ … But in the main Cash Book all receipts (big and small) and large expenses are recorded. The petty cash book is a useful control over petty cash expenditures, since it forces the petty cash clerk to formally record all cash inflows and cash outflows. March 01: The amount of petty expenditures for previous moth reimbursed by chief cashier $200. View Petty Cash PPTs online, safely and virus-free! Petty cash book helps us to manage money in a clear and efficient way. For example, the company has decided to set the petty cash float of $ 1,000 and this cash is withdrawn from bank account on 01 Jan 202X. No receipt (with the exception of money received from the Chief Cashier), however small it may be, is recorded in it. Deposit $100-$500 to start the fund, and make sure to have small and larger bills as well as coins. Always the voucher would show the amount, purpose, recipient, general ledger account number and date relating to the expenses. You'll also want to purchase a lock box for the cash and receipts. Download as PPT, PDF, TXT or read online from Scribd. Share. Format of petty cash book. A simple format of petty cash book is given below: Example. Petty Cash PowerPoint PPT Presentations. Loretti decided to keep his petty cash book on the imprest system. The petty cash book is maintained by separate cashier known as petty cashier. These petty cash expenses are recorded in the petty cash book. Recording Petty Cash Transactions Details of petty cash expenditure should be recorded in a petty cash book which shows the different headings for petty cash expenses. SYSTEM OF PETTY CASH BOOK … March 01: Balance brought forward; petty cash $50. A petty cash book is generally maintained on a columnar basis – a separate column being allotted for each type of expenditure. •It is the book which is used for the purpose of recording expenses involving small amounts. Share yours for free! Get ideas for your own presentations. Format of petty cash book. Petty cash book can be expressed as a formal summarization of the petty cash expenditures which refers to the day-to-day normal expenditures of the business which is not related to the direct line of the business. Income, Price and Substitution Effect. Group Members' Petty Cash ... very difficult for me because I am a forgetful girl.It is a good time for me to train my memory. save Save Petty Cash Book For Later.