Minor Unpredictable Expenses Should Be Paid from The

question 66

Multiple Choice

Minor unpredictable expenses should be paid from the:

• A)regular checking account
• B)savings account
• C)petty cash
• D)whatever is most available

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Definitions:

Statement Of Cash Flows

A financial statement showing the inflows and outflows of cash and cash equivalents over a specific period, categorizing them into operating, investing, and financing activities.

Management Prediction

Forecasts or projections made by a company's management regarding future business conditions, operational performance, or financial outcomes.

Creditor Evaluation

The process of assessing the creditworthiness of a business or individual, analyzing their ability to repay debts.

Operating Activities

Operating activities involve the primary revenue-generating activities of a business, such as sales and delivery of goods/services, and are reflected in the cash flow statement.