of the following is a fund containing a small amount of cash that is used to pay for minor expenditures?
A) A cash payments fund
B) A petty cash fund
C) An expenditure fund
D) An expense fund

Question

Quizplus · Accepted Answer

A petty cash fund is specifically designed to hold a small amount of cash for the purpose of covering minor expenses, such as office supplies or small reimbursements, without the need to write checks or use electronic payments for each small purchase.

Of the Following Is a Fund Containing a Small Amount