explain petty cash book for me?

olugbemiana

3 weeks ago

A Petty Cash Book is a separate financial ledger used by a business to record small, routine, low-value cash expenditures.
Instead of writing an official company check or processing a formal bank transfer every single time the office needs to buy something small, the business keeps a small amount of physical cash on hand (the "petty cash fund") managed by a petty cashier.
What is recorded inside? Minor daily expenses like office tea/sugar, transport/bus fares, postage stamps, markers, cleaning supplies, or emergency printing.