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Question
The small amount of cash held on hand to pay minor expenses is known as:
The small amount of cash held on hand to pay minor expenses is known as:
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Solution
The correct option is A Petty cash
Answer (A): Petty cash
Explanation: The petty cash book is a record of insignificant money consumptions, arranged by date. Subsequently, the book is essential for a manual record-keeping framework. The petty cash book has declined in its significance, as organizations are continuously killing all utilisation of the petty cash system, for utilising the organization’s credit cards.
Petty cash
Answer (A): Petty cash
Explanation: The petty cash book is a record of insignificant money consumptions, arranged by date. Subsequently, the book is essential for a manual record-keeping framework. The petty cash book has declined in its significance, as organizations are continuously killing all utilisation of the petty cash system, for utilising the organization’s credit cards.
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