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The balance of the pretty cash book should be

Accounts - Principles of Accounts
WAEC 1990
The balance of the pretty cash book should be
  • A. deducted from the balance of the cash account
  • B. shown in the balance sheet as cash-in-hand
  • C. reconciled with the bank balance
  • D. returned to the sales manager
  • E. shown in the balance sheet as liability
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Correct Answer: Option B
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