A special cash fund used to make small payments that occur frequently is called a(n):
A) operating expenses fund.
B) change fund.
C) market fund.
D) petty cash fund.

Question

Quizplus · Accepted Answer

A petty cash fund is specifically used for making small payments that occur frequently, such as for office supplies or minor expenses. An operating expenses fund is a broader category that would include all expenses related to running the business. A change fund is typically used in a retail setting to make change for customers. A market fund may refer to an investment fund or a fund used for purchasing goods in a specific market.

A Special Cash Fund Used to Make Small Payments That