![Petty cash book has a balance of rs.500. This represents](https://www.gkseries.com/blog/wp-content/uploads/2022/04/Petty-cash-book-has-a-balance-of-rs.500.-This-represents.png)
Q. Petty cash book has a balance of rs.500. This represents
A. a profit
B. an asset
C. a liability
D. a loss
Answer: an asset
A. a profit
B. an asset
C. a liability
D. a loss
Answer: an asset
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