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There are several petty cash purposes for the following: Handling office equipment/supplies problems experienced by a section in the office. an uneconomical mode of payment is also impractical in dealing with relatively small and small matters. The perpetual method has a different recording system from the physical method. In the perpetual method, when a cash purchase transaction occurs, the transaction is recorded by debiting the merchandise inventory account. Likewise, when a sale occurs, the transaction will be recorded by crediting the merchandise inventory account. #Accounting_Class #Mr_Zero

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UKK 2022 P3 : PT. JAYATAMA || Accounts Receivable & Payable Subsidiary Ledger || Parts. 6

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