Cash Book and Petty Cash Book

Hey! Myself Sachin and I want to know about Difference between Cash Book and Petty Cash Book?

[Kiran Chandar]

As per your query here I am telling you difference b\w Cash Book and Petty Cash Book:

• The petty cash book is a proper summarization of minor cash records, sorted by date while Cash book is there written record of every business transaction occurred every day in a business unit.

In the majority cases, the petty cash book is an authentic ledger book, quite better than a computer record hence, the book is part of a physical record-keeping system.

• Petty cash book contains daily company expenses like tea, stationary etc. & the book is closed daily whether Cash book is a book in which bank cash transactions are recorded.

These include receipts (from customers) and payments (to suppliers) as well as bank charges, interest received, etc.