The closing balance of a petty cash book is a / an? A. Liability B. Gain C. Assets D. Loss 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 enhances the earning capacity of an asset?Which one of the following should be considered a revenue expenditure?Which column of a cash book will not have credit balance?