Answered: A special cash fund used to make small…

A special cash fund used to make small payments that occur frequently is called a(n) ____. a.operating expenses fund b.market fund c.change fund d.petty cash fund

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 14MC: Which is not a section of the cash budget? cash receipts cash disbursements allowance for...

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Concept explainers

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.

Question

A special cash fund used to make small payments that occur frequently is called a(n) ____.

a.operating expenses fund

b.market fund

c.change fund

d.petty cash fund

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Accounting for Cash and cash equivalents

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