The following is a summary of Yara Cafe's petty cash transactions for a week:          Income                              RM Opening balance                  600 Sale o=f stamps                      20 Sale of paper                           60       Expenditure                     RM Travelling expenses            200 Subsistence expenses        180 Petty cash is maintained using the imprest system.  What sum should be reclaimed by the cashier at the end of the week?   Select one: A. RM380 B. RM300 C. RM600 D. RM200

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Q: petty cash fund

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Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.