Petty cash balance is a/an? A. Assets B. Expenditure C. Liability D. None Right Answer: Assets Share : February 22, 2018 Asghar Khan Accounting Total 0 Votes: 0 0 Tell us how can we improve this Mcqs? Captcha: + = Verify Human or Spambot ? Related Mcqs Check Below -Which of the following statements is incorrect regarding capital account?_is the cost of converting raw material into finished products?During the accounting period, sales revenue is Rs. 25,000 and accounts receivable increases by Rs. 8,000. What will be the amount of cash received from customers for the period?