the purpose of a petty cash fund is to\nmultiple choice\nprovide a convenient form of payment for the…
the purpose of a petty cash fund is to\nmultiple choice\nprovide a convenient form of payment for the companys customers.\npay employee salaries at the end of each period.\nallow the company to save cash for major future purchases.\nprovide cash on hand for minor expenditures.
Answer
Brief Explanations:
A petty - cash fund is a small amount of cash kept on hand by a company to pay for minor expenses such as office supplies, postage, or small - value deliveries. It is not for customer payments, employee salaries, or major future savings.
Answer:
Provide cash on hand for minor expenditures.