difference between cash & petty cash

3473 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
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

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

Vakilsearch.com

Chennai

CA Inter

View Details