To Avoid Writing Checks for Small Amounts, You May Pay

question 54

Short Answer

To avoid writing checks for small amounts, you may pay for small purchases using the ________ fund, which is cash that is kept on hand in the office.

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Definitions:

Cheque

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.

Notice

A formal communication or announcement, which can be in written or verbal form, informing individuals or parties about specific information, conditions, or requirements.

Conditional Contract

A contract whose validity or enforcement depends on the fulfillment of certain conditions.

Assignment

The transfer of rights, property, or responsibilities from one party to another.