what is simple petty cash book ?

The topic Petty cash book has been explained under question 4 under NCERT solutions. Please browse to following link for solution:

 

http://cbse.meritnation.com/cbse-accountancy-financial-accounting-part-i/recording-of-transactions-ii/394/2366/ncertsolutions.html

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In almost all businesses, it is found necessary to keep small sums of ready money with the cashier or petty cashier for the purpose of meeting small expenses such as postage, telegrams, stationary and office sundries etc. The sum of money so kept in hand generally termed as petty cash and book in which the petty cash expenditures are recorded is termed as petty cash book.

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