difference between cash & petty cash

3474 views 4 replies

Hi

can somebody tell me the difference between cash and petty cash

Replies (4)

Cash means main cash balance of an entity and petty cash means cash given to petty cashier for daily petty expenses like tea, coffee, photostate, etc.

The main cash is maintained in a seperate book called "CASH BOOK", & all the petty expenses incurred by the entity will be maintained in "PETTY CASH BOOK"..

Can anyone pls tell me the limit of petty cash exp per day

There is no limit. But as per tax law. Amount paid to single person in a day exceeding Rs.20k is disallowed and taxed.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details