SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Examples: Petty Cash Book
Examples: Petty Cash Book Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on Examples: Petty Cash Book Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is a petty cash book? |  |
Ans. A petty cash book is a record that tracks small cash transactions within a business. It helps to monitor and control the expenses incurred for small purchases or reimbursements that do not require the use of a regular bank account.
| 2. What is the purpose of maintaining a petty cash book? | |
Ans. The primary purpose of maintaining a petty cash book is to ensure proper documentation and accountability for small cash transactions. It allows businesses to track and control petty cash expenses, ensuring transparency and accurate record-keeping.
| 3. How does a petty cash book work? | |
Ans. A petty cash book works by assigning a fixed amount of cash, known as the petty cash fund, to a designated person or department. Whenever there are small cash expenses, such as office supplies or travel reimbursements, the amount is withdrawn from the petty cash fund and recorded in the book. At regular intervals, the petty cash fund is replenished to ensure it remains at the designated amount.
| 4. What are the advantages of using a petty cash book? | |
Ans. Using a petty cash book offers several advantages, including:
- Efficient tracking of small cash transactions
- Improved control over petty cash expenses
- Easy identification of unauthorized or fraudulent transactions
- Simplified reconciliation and auditing processes
- Accurate recording of expenses for financial reporting purposes
| 5. How can I maintain a petty cash book effectively? | |
Ans. To maintain a petty cash book effectively, consider following these steps:
1. Determine the appropriate amount for the petty cash fund.
2. Appoint a responsible person to handle and maintain the petty cash book.
3. Establish clear guidelines for petty cash expenses and reimbursement procedures.
4. Record all cash transactions in the petty cash book, including date, description, amount, and recipient.
5. Replenish the petty cash fund regularly to maintain the designated amount.
6. Conduct periodic audits to ensure the accuracy and integrity of the petty cash book.
7. Use secure storage for the petty cash fund and book to prevent loss or theft.
Related Exams
About this Video
|
4.91/5 Rating |
|
Dec 27, 2024 Last updated |
Video Description: Examples: Petty Cash Book for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Examples: Petty Cash Book have been prepared according to the SSC CGL exam syllabus.
Information about Examples: Petty Cash Book covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Examples: Petty Cash Book.
Introduction of Examples: Petty Cash Book in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Examples: Petty Cash Book in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Examples: Petty Cash Book Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Examples: Petty Cash Book
Here you can find the meaning of Examples: Petty Cash Book defined & explained in the simplest way possible.
Besides explaining types of Examples: Petty Cash Book theory, EduRev gives you an ample number of questions to practice Examples: Petty Cash Book tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Exam
,mock tests for examination
,practice quizzes
,video lectures
,Previous Year
,Semester Notes
,Important questions
,shortcuts and tricks
,Online Tests
,Objective type Questions
,Examples: Petty Cash Book Video Lecture | SSC CGL Tier 2 - Study Material
,MCQs
,ppt
,Previous Year
,past year papers
,Extra Questions
,Examples: Petty Cash Book Video Lecture | SSC CGL Tier 2 - Study Material
,study material
,Examples: Petty Cash Book Video Lecture | SSC CGL Tier 2 - Study Material
,Sample Paper
,Online Tests
,Previous Year Questions with Solutions
,Online Tests
,Free
,Viva Questions
,Summary
,Previous Year
;
Study Examples: Petty Cash Book on the App
Students of SSC CGL can study Examples: Petty Cash Book alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Examples: Petty Cash Book,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Examples: Petty Cash Book is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup