An amount of cash kept on hand and used for making small payments called Answer Revealed
An amount of cash kept on hand and used for making small payments called the correct answer is Petty cash
by J Nandhini
Updated Oct 26, 2023
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An amount of cash kept on hand and used for making small payments called
The correct answer is Petty cash
Petty cash refers to a small amount of cash kept on hand by a business or organization for minor expenses. It's used for small, everyday purchases like office supplies, postage, or other miscellaneous items. Instead of writing a check or going through a formal reimbursement process for these small expenses, employees can use petty cash for convenience and efficiency.
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An amount of cash kept on hand and used for making small payments called - FAQ
1. An amount of cash kept on hand and used for making small payments called
The correct answer is Petty cash
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