Which of the Following Would Not Be a Valid Reason

question 67

Multiple Choice

Which of the following would not be a valid reason to keep some currency on hand at a place of business?

• A) To pay expenses that are impractical to pay by check
• B) To make up for any imbalance in the books
• C) To advance money to employees
• D) To provide money for cash registers

---

Definitions:

Voluntary Transfer

The act of willingly transferring ownership or interest in an asset from one party to another without coercion.

Conveyance

The act of transferring ownership of property from one party to another, often involving real estate.

Gift

A voluntary transfer of property for which the donor receives no consideration in return.

Title

The formal right of ownership of property, whether real or personal, tangible or intangible.