Diff of cash and petty cash

This query is : Resolved

Report Abuse Follow Query Ask a Query

pravesh

pravesh (Querist)
Follow

24 July 2014 SIR

Please explain cash and petty cash

Vishnu Saboo

Vishnu Saboo (Expert)
Follow

24 July 2014 Cash in Hand
Cash in hand is the total amount of any accessible cash.it refers to any available cash regardless of whether it is in your pocket or your bank account. Investments that you can convert to cash in 90 days or less are typically included when calculating your cash in hand.
Whereas petty cash is the cash you have to pay small expenses, for which you want not write a cheque or want not use ur credit card.you can decide it at own motion that how much cash you need to have for next day, week or month.