To Pay for Small Expenses Using Cash, You Use the Account

question 7

Multiple Choice

To pay for small expenses using cash, you use the account.

• A)Cash
• B)Transfer
• C)Petty Cash
• D)Undeposited Funds

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Definitions:

Issuance of Bonds

The process by which a company or government raises capital by selling bonds to investors, which are debt securities obligating the issuer to pay the bondholder a specified sum of money at future dates.

Cash Dividends

Payments made by a company out of its profits to its shareholders in the form of cash.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid.

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, or obsolescence.