The Cash Over and Short account

Question 1 options:

	Is used to record a credit 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
	Is not necessary in a computerized accounting system
	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
	None of these