What does postage refer to in the petty cash book?

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Solution

Postage refers to the money used for buying stamps for office use.

Also read:

Cash Book

Cash Flow Statement

Ledger in Accounting

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What is petty cash book? Write the advantages of petty cash book?

Q. A petty cash book which had many sub-columns on payment side for recording expenses which are repetitive in nature, e.g. postage and telegrams, printing & stationery, carriage & cartage, sundry expenses, etc. is called analytical/columnar petty cash book.

Q. What is petty cash book? Write the advantages of petty cash book.

David wants to replenish the Rs150 petty cash fund. He has receipts for the following total payments: supplies, Rs36; and postage (Office Expense), Rs27. A cash count shows Rs87 in the petty cash box. What is the correct journal entry to record the transaction?

What is petty cash book? Write the advantages of the petty cash book.

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What does postage refer to in the petty cash book?

Postage refers to the money used for buying stamps for office use. Also read: Cash Book Cash Flow Statement Ledger in Accounting Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.

Postage refers to the money used for buying stamps for office use.

Also read:

Cash Book

Cash Flow Statement

Ledger in Accounting

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