What is a Petty Cash Book? - Vidyadip

Question

What is a Petty Cash Book?

✓

Answer

It is prepared to make a record of petty expenses.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Recording of Transactions - 2→Recording of Transactions - 2 — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Give the main demerit of providing depreciation by Original Cost Method.

Name two items which are written in Minus column while starting with Overdraft balance of Pass Book.

Trial Balance is an account. Do you agree?

What is the rule for Expenses Account?

What is an accounting equation?

What are Capital Reserves?

Give one advantage of maintaining a Cash Book.

A starts a business and invests ₹ $50,000$ on $1^{st}$ April, $2018$. On $31^{st}$ March, $2019$ his assets are ₹ $65,000$ and liabilities are ₹ $6,000$. Find out the amount of capital on $31^{st}$ March, $2019$ and his profit.

Give transaction that:
Decrease an asset and decrease capital.

What are Fixed Assets?