The amount shown as the balance in petty cash book is ........

General Accounting Principles Accounting cycles

The amount shown as the balance in petty cash book is

A profit

An expense

An income

An Asset

Petty Cash is a current asset account; it is part of a company's cash.

Petty cash Book is just like a cash book , its just that this book maintains petty cash expenses separately as against the normal cash book .

Therefore, balance of petty cash book is an asset & an not income. Its used for paying out petty expenses.

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