Which of the following is true for the Cash Short or Over account? a. Cash Short or
Question:
Which of the following is true for the Cash Short or Over account?
a. Cash Short or Over is debited when there is a cash shortage.
b. Cash Short or Over is debited when there is a cash overage.
c. The Cash Short or Over account has a normal debit balance.
d. The Cash Short or Over account has a normal credit balance.
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The correct answer is d The Cash Short or ...View the full answer
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Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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