Q.Small payments are recorded in a book called

The Petty Cash Book is a separate record, kept by a Petty Cashier, for small routine cash expenses such as postage, stationery, and conveyance. Under the Imprest System, the petty cashier is given a fixed sum at the start of a period and reimbursed, at the end of the period, with exactly the amount spent — restoring the float to its original fixed level for the next period. An Analytical P …