a companys petty cash refers to: multiple choice investment in short - term securities. cash held in the…

a companys petty cash refers to: multiple choice investment in short - term securities. cash held in the bank. cash used to pay employee salaries. cash on hand to pay for minor purchases.

a companys petty cash refers to: multiple choice investment in short - term securities. cash held in the bank. cash used to pay employee salaries. cash on hand to pay for minor purchases.

Answer

Brief Explanations:

Petty cash is a small - amount of cash a company keeps on hand to pay for minor, day - to - day expenses like office supplies or small delivery fees. It's not for major payments like salaries, bank deposits, or investments.

Answer:

D. Cash on hand to pay for minor purchases