Question
The Cash Over and Short account Is an expense account used for recording the income effects of cash overages and cash shortages from errors in
The Cash Over and Short account
Is an expense account used for recording the income effects of cash overages and cash shortages from errors in making change and missing petty cash receipts | ||
Can record credit or ebit balance in the cash account | ||
Is an income statement account used for recording the income effects of cash overages and cash shortages from errors in making change and missing petty cash receipts and is not necessary in a computerized accounting system | ||
Is an income statement account used to capture discrepencies between cash receipts and petty cash remaining | ||
A and B |
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