The balance of cash account indicates .............. (a) Net income (b) cash in hand (c) total cash received (d) None of these
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Answer:
b cash in hand
Explanation:
because cash hand se karte hain
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The balance of cash account indicates (b) cash in hand
Balance of cash account indicates difference of credited and debited amount. The amount left is the balance.
It is considered as asset. Asset is defined as amount of money or property that a person owns.
Cash in hand can be defined as "Liquid assets including bank deposits and marketable securities."
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