The petty cash book is a record of the petty cash expenditures, which are sorted by date. Generally, the petty cash book is a real ledger book that is a part of the manual record-keeping system. A petty cash book is quite necessary to create and facilitate small payments in a business or an organization. It places and recognizes the expenditure for items such as postage and stamps, bus fare, and stationery expenses as well. The petty cash book is meant to meet the day-to-day expenses and thus is entrusted in the hands of a petty cashier.