Petty Cash Book

BUSINESS STUDIES FOR JSS2 SECOND TERM

SUB -THEME: COMMERCE-THE HEART OF BUSINESS

WEEK 10

Petty Cash Book

 Performance objectives:

Students should be able to:

(1) Explain the meaning of petty cash book

(2) List the item of petty cash book

(3) Analyze the items in expenditure in the payment cash book

(4) Prepare a petty cash book

 

Content:

Petty-Cash Book

A petty cash book is used for recording and tracking small purchases such as parking meter fees that aren’t suitable for check or credit card payments. It is a ledger kept with the petty cash fund to record amounts that are added to or subtracted from its balance. Petty cash…