A Company Would Use a Change Fund If

question 43

Multiple Choice

A company would use a change fund if:

• A)there are cash transactions daily.
• B)they want to pay the postage expense without writing a check.
• C)the owner wants to make personal withdrawals easily.
• D)None of these are correct.

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Definitions:

Revenue Reported

The total income earned by a company from its normal business operations, reported in the financial statements for a specific period.