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regular intervals to ensure that the company’s cash records are correct. They also help detect
fraud and any cash manipulations.
A cash book is a financial journal that contains all cash receipts and disbursements, including
bank deposits and withdrawals.
Cash In hand - cash book and petty cash books
Petty Cash Book is maintained to record small expenses such as postage, stationery, telegram. A
separate column is allotted for each type of expenditure. The difference between the total of
the debit items and that of the ‘total column’ on the credit represents the balance of the petty
cash in hand.
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