Author Question: The __________________ is used by a business to make change for customers who pay cash for goods or ... (Read 103 times)

WhattoUnderstand · **on:** Jul 6, 2018

The __________________ is used by a business to make change for customers who pay cash for goods or services.
a. petty cash fund
b. cash fund
c. change fund
d. none of the answers listed

Question 2

Cash outflows result from increases in asset accounts and decreases in liability and equity accounts.

Indicate whether the statement is true or false