The closing balance of petty cash book is considered as_________?

Related Mcqs:

Cash book records:______________?

A. Cash payments B. Cash receipts C. Cash payments and cash receipts D. Neither cash payments nor cash receipts...

Cash book is prepared by____________?

A. Bank B. Accountant of business C. Manager of a company D. Bank’s cashier...

A credit balance in cash book indicates?

A. Bank balance B. Cash at bank C. Bank overdraft D. Bank underdraft...

Petty cash fund is supposed to be replenished?

A. Every day B. Every half year C. Every year D. At the end of every accounting period...

Drawings by owner of business are generally recorded on which of the following side of a cash book?

A. Receipts B. Payments C. Incomes D. Expenditures...