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Question 26 (2 points) What is Cash Over and Short? A.An expense account. B.A revenue account. C. An account used to balance the cash needed

Question 26 (2 points)

What is Cash Over and Short?

A.An expense account.

B.A revenue account.

C.
An account used to balance the cash needed to replenish petty cash and the total of the petty cash vouchers used.

D.All are correct.

Question 27 (2 points)

Inventory is considered what type of account?

A.
Long term asset

B.
Current asset

C.Equity

D.Current Liability

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	A.An expense account.
	B.A revenue account.
C.	An account used to balance the cash needed to replenish petty cash and the total of the petty cash vouchers used.
	D.All are correct.