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Is anccounting book used for recrding expenses which are small and of little value
The petty cash book is a formal summarization of petty cashexpenditures, sorted by date. In most cases, the petty cash book is an actual ledgerbook, rather than a computer record. Thus, the book is part of a manual record-keeping system.
its a summerization of petty expenses of business and maintained as a ledger
Small cash in hand used for the payment of small expences in the organization or business.
Book in which day to day expenses are recorded.
Book/account for recording, day to day petty expenses done by cash in hand kept aside for such purpose.
