PETTY CASH BOOK
The Petty Cash Book is a subsidiary record used to manage and track small, day-to-day expenses that are too minor to be recorded in the main cash book. Examples include payments for office supplies, transportation, and refreshments. It operates under the imprest system, where a fixed amount is allocated to the petty cashier and replenished periodically or when funds are exhausted. The petty cash book ensures accurate documentation of minor expenditures, promotes accountability, and reduces the administrative burden on the main cash book, making it an essential tool for efficient financial management in businesses.