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What is meant by petty cash and petty cash limit? why petty cash is created?

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Question added by Deleted user
Date Posted: 2014/09/22
vipin kumar
by vipin kumar , Assistant Manager Accounts , Samruddha Jeevan Multistate Multipurpose Cooperative Society Ltd.

For our day to day expenses we can not go to the bank daily. So we create a account in which we can expense our daily expenses. its limit is not define now. But we can Manage it to K Rupees.

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