Question

opening balance of petty cash is shown on ___side of branch account​

Answer 1

Answer:

opening balance of petty cash is shown on the Left-Hand Side of the  branch account​

Explanation:

Petty cash is a limited quantity of cash close by utilized for paying costs excessively little to justify writing a check.

Petty-cash book follows the imprest procedure for bookkeeping. The normal opening balance of cash will be put on the Left-Hand Side under the cash receipts segment. All payments are displayed on the Right-Hand Side of the petty cash book.