QuestionAugust 17, 2025

Which account would the business assistant use to handle minor expenses? Petty cash Fixed overhead Variable overhead Certified public accountant (CPA)

Which account would the business assistant use to handle minor expenses? Petty cash Fixed overhead Variable overhead Certified public accountant (CPA)
Which account would the business assistant use to handle minor expenses?
Petty cash
Fixed overhead
Variable overhead
Certified public accountant (CPA)

Solution
4.3(259 votes)

Answer

Petty cash Explanation 1. Identify the purpose of each account Petty cash is used for minor, everyday expenses. Fixed and variable overhead accounts are for larger, recurring business costs. A CPA is a professional, not an account type. 2. Match the purpose with the need Minor expenses align with the use of petty cash.

Explanation

1. Identify the purpose of each account<br /> Petty cash is used for minor, everyday expenses. Fixed and variable overhead accounts are for larger, recurring business costs. A CPA is a professional, not an account type.<br />2. Match the purpose with the need<br /> Minor expenses align with the use of petty cash.
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