The balance of the pretty cash book should be

Accounts - Principles of Accounts WAEC 1990

The balance of the pretty cash book should be

  • deducted from the balance of the cash account
  • shown in the balance sheet as cash-in-hand checkmark
  • reconciled with the bank balance
  • returned to the sales manager
  • shown in the balance sheet as liability

The correct answer is: B

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