Asked by
jewels castillo
on Nov 14, 2024Verified
An exception to disbursements being made by check is acceptable when cash is paid
A) to an owner.
B) to employees as wages.
C) from petty cash.
D) to employees as loans.
Petty Cash
A small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.
Disbursements
Cash payments made by a business, including those for expenses, loan payments, or distributions to investors.
Employees As Wages
Compensation in the form of money paid to employees for their labor or services.
- Recognize the strategies for managing cash inflows and outflows.
Verified Answer
PS
Learning Objectives
- Recognize the strategies for managing cash inflows and outflows.