Answered

In a retail business with daily cash transactions, the management implements a change fund to facilitate smooth operations. What purpose does the change fund serve?

A. Providing additional capital
B. Financing long-term projects
C. Handling daily cash transactions
D. Covering unexpected expenses



Answer :

GinnyAnswer

Final answer:

The change fund in a retail business is essential for handling daily cash transactions efficiently.


Explanation:

The change fund in a retail business serves the purpose of handling daily cash transactions to provide customers with exact change. It helps maintain smooth operations and customer satisfaction by ensuring sufficient coins and small bills are available for transactions. This fund is essential for the efficient functioning of the business's cash flow management.


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