help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / An income statement account that is used to record cash overages and cash shortages arising from omitted petty cash receipts and from errors in making change is called the: Cash Lost account Bank Reconciliation account Petty Cash account Cash Over and Short account Cash Receivable account    

An income statement account that is used to record cash overages and cash shortages arising from omitted petty cash receipts and from errors in making change is called the: Cash Lost account Bank Reconciliation account Petty Cash account Cash Over and Short account Cash Receivable account    

Management

An income statement account that is used to record cash overages and cash shortages arising from omitted petty cash receipts and from errors in making change is called the:

    1. Cash Lost account
    2. Bank Reconciliation account
    3. Petty Cash account
    4. Cash Over and Short account
    5. Cash Receivable account

 

 

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Answer: d . Cash Over and Short account

Cash over and short account records the overages of cash as well as the shortages of cash. It helps to find out the differences in the petty cash when there is difference in actual cash and the expected amount.

 

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)

Related Questions