A special ledger account entitled "Change Fund" is used to keep track of day-to-day shortages and overages of cash.

Name: A special ledger account entitled "Change Fund" is used to keep track of day-to-day shortages and overages of cash.
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Question

Quizplus · Accepted Answer

A "Change Fund" is specifically used to manage a fixed amount of cash designated for making change in cash transactions, not for tracking daily cash shortages or overages.

A Special Ledger Account Entitled "Change Fund" Is Used to Keep