The change fund is what type of account?
A) Expense
B) Revenue
C) Asset
D) Liability

Name: The change fund is what type of account? A) Expense B) Revenue C) Asset D) Liability
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Question

Quizplus · Accepted Answer

The change fund is considered an asset account because it represents cash that a business holds for the purpose of making change for transactions. This cash is readily available and can be used to make change for customers.

The Change Fund Is What Type of Account