Petty cash book is a book having record of big payments.

True

No worries! We‘ve got your back. Try BYJU‘S free classes today!

False

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is B False
Petty cash book is used for recording a large number of small payments such as conveyance, cartage, postage, telegram and other expenses (miscellaneous expenses) which are usually in nature.

Suggest Corrections

Similar questions

The fundamental difference between the Main Cash Book and the Petty Cash Book is that only petty expenses are recorded in the Petty Cash Book. No receipt with the exception of money received from ___are recorded.

Q. _________ is the book which is used for the purpose of recording the payment of petty cash expenses.

Q. A petty cash book is meant for which of these payments.......

What are various categories of expenses recorded in Petty Cash Book?

Q. Petty cash book records all expenses.

Join BYJU'S Learning Program

Petty cash book is a book having record of big payments.

The correct option is B FalsePetty cash book is used for recording a large number of small payments such as conveyance, cartage, postage, telegram and other expenses (miscellaneous expenses) which are usually in nature.

The correct option is B False
Petty cash book is used for recording a large number of small payments such as conveyance, cartage, postage, telegram and other expenses (miscellaneous expenses) which are usually in nature.