Cash over and short is: O a. a current liability account that appears on the balance...
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Cash over and short is: O a. a current liability account that appears on the balance sheet. O b. a current asset account that appears on the balance sheet. c. an expense account that appears on the income statement. d. a revenue account that appears on the income statement. O e. Either (c) or (d) is correct depending on whether the account has a debit or a credit balance. Which one of the following would not represent good controls over cash disbursements? a. Make all disbursements, other than very small ones, by check, debit card, or credit card. O b. Require only one signature for checks, especially larger ones. O c. Authorize all expenditures before purchase and verify the accuracy of the purchase itself. d. The employee who authorizes payment should not also be the employee who prepares the check. Oe. The employee who authorizes a purchase should not also be the employee who prepares the check for payment. Cash over and short is: O a. a current liability account that appears on the balance sheet. O b. a current asset account that appears on the balance sheet. c. an expense account that appears on the income statement. d. a revenue account that appears on the income statement. O e. Either (c) or (d) is correct depending on whether the account has a debit or a credit balance. Which one of the following would not represent good controls over cash disbursements? a. Make all disbursements, other than very small ones, by check, debit card, or credit card. O b. Require only one signature for checks, especially larger ones. O c. Authorize all expenditures before purchase and verify the accuracy of the purchase itself. d. The employee who authorizes payment should not also be the employee who prepares the check. Oe. The employee who authorizes a purchase should not also be the employee who prepares the check for payment.
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