Asked by Vineet Khasa on May 06, 2024
Verified
Fund used when small payments are required
A) accounts payable
B) expenditure
C) invoice
D) PDF
E) fees
F) petty cash
G) accounting
H) bookkeeping
I) operating information
J) managerial accounting information
Petty Cash
A small amount of cash kept on hand for minor, immediate expenses.
Small Payments
Transactions involving a minimal amount of money, typically associated with minor or routine purchases.
- Comprehend the role of management and operation-specific information in the decision-making process of businesses.
Verified Answer
XZ
Xinyu ZhangMay 11, 2024
Final Answer :
F
Explanation :
Petty cash is a small amount of cash on hand that is used for paying small amounts owed, rather than writing a check.
Learning Objectives
- Comprehend the role of management and operation-specific information in the decision-making process of businesses.