An amount of cash kept on hand and used for making small payments is called petty cash. So, option c. is correct.
Petty cash is a small amount of cash that businesses or organizations maintain for handling minor expenses and transactions. This cash reserve is typically managed by an individual who is responsible for keeping track of the fund and ensuring that it is properly accounted for.
The use of petty cash enables businesses to handle small expenses without the need for more formal payment methods, such as writing a check or using a credit card. Some examples of expenses that might be paid from a petty cash fund include office supplies, postage, or reimbursing an employee for a small out-of-pocket expense.
To maintain a petty cash fund, businesses often use a petty cash voucher system to track expenses and replenishments. When an expense is incurred, the responsible individual will complete a voucher that details the expense and is then attached to the supporting receipt or documentation.
Periodically, the fund will be replenished to its original balance by cashing a check or transferring money from another account, ensuring that the petty cash fund remains available for ongoing use.
In summary, petty cash is a convenient method for handling small expenses within a business or organization, making it an essential financial tool for efficient operations.
So, option c. is correct.
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price
bartering
Answer:
price is what he meant
Money invested in a business by either the owner or investors is called capital.
Capital is the term used to describe an investment into a company from an owner or shareholder. The term capital account is often used to keep track of investments into a company.
b. macroeconomics.
c. microeconomics.
d. voodoo economics.