SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > What is Petty Cash Book?
What is Petty Cash Book? Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on What is 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 or ledger used by businesses to track small, everyday cash expenses. It is maintained separately from the main cash book and is used to record small payments that do not warrant the use of a check or electronic transaction.
| 2. Why is a Petty Cash Book used? | |
Ans. A Petty Cash Book is used to efficiently manage and monitor small cash expenses. It helps businesses keep track of their petty cash funds and provides a transparent record of how the funds are being utilized. It also simplifies the process of reimbursing employees for small expenses.
| 3. How is a Petty Cash Book maintained? | |
Ans. To maintain a Petty Cash Book, a designated custodian is appointed to oversee the petty cash fund. The custodian is responsible for recording all cash transactions in the book, ensuring proper documentation for each expense, and replenishing the fund when it runs low. Regular audits should also be conducted to verify the accuracy of the book.
| 4. What are the advantages of using a Petty Cash Book? | |
Ans. Some advantages of using a Petty Cash Book include:
- Efficient tracking of small expenses: It allows businesses to easily record and monitor small cash transactions, reducing the chances of errors or mismanagement.
- Simplified reimbursement process: The book provides a clear record of expenses, making it easier to reimburse employees for their out-of-pocket expenses.
- Improved financial control: By maintaining a separate cash book for small expenses, businesses can better control their cash flow and prevent misuse or unauthorized spending.
| 5. What types of transactions are recorded in a Petty Cash Book? | |
Ans. A Petty Cash Book is used to record various small cash transactions, such as office supplies, postage, travel expenses, minor repairs, and miscellaneous office expenses. It typically excludes larger expenses that are paid through checks or electronic transfers. The exact types of transactions recorded may vary depending on the specific needs and policies of each business.
Related Exams
About this Video
|
4.90/5 Rating |
|
Nov 15, 2024 Last updated |
Video Description: What is 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 What is Petty Cash Book? have been prepared according to the SSC CGL exam syllabus.
Information about What is Petty Cash Book? covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for What is Petty Cash Book?.
Introduction of What is Petty Cash Book? in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & What is 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 What is 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 What is Petty Cash Book?
Here you can find the meaning of What is Petty Cash Book? defined & explained in the simplest way possible.
Besides explaining types of What is Petty Cash Book? theory, EduRev gives you an ample number of questions to practice What is 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
Previous Year Questions with Solutions
,video lectures
,Objective type Questions
,What is Petty Cash Book? Video Lecture | SSC CGL Tier 2 - Study Material
,past year papers
,mock tests for examination
,Exam
,ppt
,Previous Year
,shortcuts and tricks
,What is Petty Cash Book? Video Lecture | SSC CGL Tier 2 - Study Material
,Extra Questions
,Previous Year
,Online Tests
,Online Tests
,practice quizzes
,Free
,Previous Year
,Important questions
,What is Petty Cash Book? Video Lecture | SSC CGL Tier 2 - Study Material
,Semester Notes
,MCQs
,Sample Paper
,Online Tests
,Viva Questions
,Summary
,study material
;
Study What is Petty Cash Book? on the App
Students of SSC CGL can study What is Petty Cash Book? alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the What is 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 What is Petty Cash Book? is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup