The major purpose of cash is to pay day-to-day expenses.

Cash

Liquid currency or assets that can be immediately used to make transactions or settle debts.

Day-to-day Expenses

Regular and routine expenses that are necessary for the daily operations of an individual or organization, such as groceries or office supplies.

Major Purpose

The primary reason or objective behind an action, strategy, or existence of an entity or project.

Comprehend the essentiality of planning, controlling, and anticipating financial movements in corporate finance.

Verified Answer

Final Answer :

True

Explanation :

Cash is primarily used for handling day-to-day transactions and expenses, serving as a medium of exchange for goods and services.

Learning Objectives

Comprehend the essentiality of planning, controlling, and anticipating financial movements in corporate finance.