The Petty Cash Book

The petty cash book is used to record small cash transactions. The person who keeps the petty cash
book is call a Petty Cashier:

Main cashier Plenty receipts and plenty payments

Petty Cashier just payments

The petty cashier receives a sum of money at the start of each period called the float
This money is used to pay all the small expenses of the business. Each expense paid by the Petty Cashier
must be verified by a supporting source document called a voucher.
Vouchers maybe Internal or External.
External voucher receipts what you receive on the outside.
Internal voucher the ones you make yourself. (Petty cash voucher book)

This book is kept on the imprest system which simply means that whatever amount has been spent by
the Petty Cashier will be reimbursed at the end of the period or at the beginning of the next period.

The ledger column issued for any expense that does not have a category of its own.
Specifically for creditors,small fixed assets.

Posting the Petty Cash Book to the ledger

Open accounts for each payment heading and post to the debit side of the ledger ( except ledger
account)
Open separate accounts for entries in the ledger column.