Accountancy, asked by anujpatel42, 6 months ago

The balance in the Petty Cash Book represents expenses.​

Answers

Answered by Mehlanitin
1

Answer:

Petty cash book is used to record the day to day small value transactions. Balance lying in petty cash book is as good as cash balance. Cash is an asset for the business.

Answered by Anonymous
0

Answer:

balance lying in petty cash book is good as cash balance

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