What are the advantages of a petty cashbook? (2024)

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Petty Cash Book

What are the ...

Open in App

Solution

The advantages of a petty cash book are as follows:

  1. Minimises labour
  2. It is easy to record transactions in a petty cash book
  3. Avoids confusion by recording petty expenses separately
  4. It saves time and effort of the chief cashier
  5. It is audited at the end of an accounting period, therefore there is less chance of errors.

Also read:

Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.

See Also
3 Golden Rules of Accounting | Types and ExamplesWho keeps a petty cash book?Cash Book Format - GeeksforGeeksWhatis petty cash book? How it is prepared?

What are the advantages of a petty cashbook? (1)

What are the advantages of a petty cashbook? (2)

Suggest Corrections

What are the advantages of a petty cashbook? (3)

What are the advantages of a petty cashbook? (4)

7

Join BYJU'S Learning Program

What are the advantages of a petty cashbook? (7)

What are the advantages of a petty cashbook? (8)

Related Videos

What are the advantages of a petty cashbook? (9)

What are the advantages of a petty cashbook? (10)

What are the advantages of a petty cashbook? (11)

Petty Cash Book

ACCOUNTANCY

Watch in App

What are the advantages of a petty cashbook? (2024)
Top Articles
Walgreens 107Th Ave And Mcdowell
Yamaha V-MAX - Test, Gebrauchte, Bilder, technische Daten
Behe Funeral Home | Obituaries
July Culinary Corner: Executive Chef Andrew Chadwick - Chatham Bars Inn | Massachusetts Office of Travel and Tourism
Where To Find Permit Validation Number
US Marshals’ Blind Spots Leave Judges Vulnerable to Threats (1)
Craigslist Org East Texas
What Every Frenchwoman Wants دانلود زیرنویس
The most explosive claims from Harry and Meghan’s Oprah interview
Overtime Megan Leak: A Case Study in Online Privacy Breaches
Craigslist Yard Sale Sebring Fl
Sixflags.team/Selfservice Ukg Login
Latest Posts
The Red Champion - Chapter 2 - Hufflepuffzd96 - Harry Potter
Wdl Nursing Abbreviation
Article information

Author: The Hon. Margery Christiansen

Last Updated:

Views: 6227

Rating: 5 / 5 (50 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: The Hon. Margery Christiansen

Birthday: 2000-07-07

Address: 5050 Breitenberg Knoll, New Robert, MI 45409

Phone: +2556892639372

Job: Investor Mining Engineer

Hobby: Sketching, Cosplaying, Glassblowing, Genealogy, Crocheting, Archery, Skateboarding

Introduction: My name is The Hon. Margery Christiansen, I am a bright, adorable, precious, inexpensive, gorgeous, comfortable, happy person who loves writing and wants to share my knowledge and understanding with you.