Multiple choice

In a petty cash book,

  1. we record small expenses

  2. we record small expense

  3. we record income received

  4. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A large number of small payments like conveyance, postage etc. are made in every organisation.The main cashier is overburdened if he handles all these payments. So one more cashier is appointed, and he maintains a petty cash book for these small expenses.

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