Book balance is the amount of money a company believes it has based on its accounting. What Is Book Balance? Book balance represents a running tally of a company’s account balance when considering all ...

Petty cash is a system that funds and tracks small purchases such as parking meter fees that aren't suitable for check or credit card payments. A petty cash book is a ledger kept with the petty cash ...

The cashbook and ledger enjoy what can be considered a confusing relationship because the cashbook actually serves as a ledger. In companies that handle a large amount of cash debit and credit ...