In ABC Corporation, the Cash Short and Over account is used to reconcile discrepancies in cash transactions.
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In ABC Corporation, the Cash Short and Over account is used to reconcile discrepancies in cash transactions. What classification does this account take, serving as either a Misc. Expense or Misc. Revenue, depending on its balance? Question 17 options: Asset Account Equity Account Revenue or Expense Account Liability Account
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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