A

Admin • 833.24K Points
Coach

Q. The balance of petty cash book is always:

  • (A) Credit
  • (B) Debit
  • (C) Zero
  • (D) Negative
  • Correct Answer - Option(B)
  • Views: 25
  • Filed under category Accounting
  • Hashtags:

Explanation by: Admin

Petty cash book always shows a debit balance as it represents cash on hand.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.