A fund with a small amount of cash on hand for minor payments is called a:

Question

Quizplus · Accepted Answer

A petty cash fund is a small amount of cash set aside for minor expenses such as office supplies, postage, and other small costs. It is usually managed by an employee who is responsible for making disbursements and reconciling the fund at the end of a period. The other options are not appropriate for a small cash fund. A miscellaneous expense fund is too broad and undefined, a money market fund is an investment fund for larger sums of money, and a cash disbursement fund refers to a fund for larger payments such as payroll or vendor payments.

A Fund with a Small Amount of Cash on Hand