Petty Cash Question:

What is more useful format in Petty Cash?

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Answer:

A somewhat more useful format is to record all debits and credits in a single column, with a running cash balance in the column furthest to the right, as shown in the following example. This format is an excellent way to monitor the current amount of petty cash remaining on hand.

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List the types of entries in the petty cash book?Define the variation on the petty cash book?