Zorro Inc. has the following cash register data for December 31: $23,500 Cash register total for...
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Zorro Inc. has the following cash register data for December 31: $23,500 Cash register total for cash sales Cash receipts from cash sales $23,480 How should the difference be recorded? a. $20 cash shortage as normal operating expense Ob. $20 cash overage as miscellaneous operating expense c. $20 cash overage as revenue d. $20 cash shortage as other revenue Zorro Inc. has the following cash register data for December 31: $23,500 Cash register total for cash sales Cash receipts from cash sales $23,480 How should the difference be recorded? a. $20 cash shortage as normal operating expense Ob. $20 cash overage as miscellaneous operating expense c. $20 cash overage as revenue d. $20 cash shortage as other revenue
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Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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