1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Whitepunk [10]
3 years ago
11

The Cash Over and Short account:Select one:a. Is used to record a credit balance in the cash account.b. Is an income statement a

ccount used for recording the income effects of cash overages and cash shortages from errors in making change and/or from errors in processing petty cash transactions.c. Is not necessary in a computerized accounting system.d. Can never have a debit balance.e. Can never have a credit balance.
Business
1 answer:
Katyanochek1 [597]3 years ago
8 0

Answer:

b. Is an income statement account used for recording the income effects of cash overages and cash shortages from errors in making change and/or from errors in processing petty cash transactions.

Explanation:

Cash over and short account, is not the actual cash account or something like that. In fact it is an expense account made which reports all the over-dues that is overages or short-dues that results from an imprest account, like petty cash.

This account records the difference created in between the expected value of cash and actual value of cash in imprest account.

Therefore the correct option in all the above is:

b. Is an income statement account used for recording the income effects of cash overages and cash shortages from errors in making change and/or from errors in processing petty cash transactions.

You might be interested in
Clinton and Trump on fiscal policy In the 2016 Presidential election​ campaign, both Hillary Clinton and Donald Trump committed
Marrrta [24]

Answer:

Clinton and Trump on fiscal policy In the 2016 Presidential election​ campaign

The policy that will change aggregate demand (AD) the most is a cut in taxes.

Explanation:

Aggregate demand is fueled mostly by household consumption.  A cut in taxes increases the marginal propensity to consume (MPC) and reduces the marginal propensity to save (MPS), but at the same time fuels the marginal propensity to invest by firms trying to meet the new aggregate demand, thereby increasing the aggregate supply (AS) which is the real GDP output.

6 0
3 years ago
2.<br>What is the effect on the market when suppliers under invest in their businesses?​
Ghella [55]

Answer:

the profit margin will decrease and supplies won't get their promotin

3 0
2 years ago
What do we do in case of Coronavirus.​
USPshnik [31]

Answer:

what we do is brethe and just remember that people are not thet smart so they where mask and no gloves and

Explanation:

7 0
2 years ago
What is the term for selling related products
kupik [55]
<span>Cross-sell is the practice of selling or suggesting related or complementary products to a prospect or customer. Cross selling is one of the easiest and most effective methods of marketing.</span>
8 0
3 years ago
Read 2 more answers
Marilyn, Bob, and Carl all believe a certain defendant is probably guilty and should be sentenced. Individually their recommenda
bazaltina [42]

Answer:

Explanation:

Group polarization is a concept in social psychology where the decision made by a group of people is more extreme to the decision made by the individual members of the group.

The members of the group recommended 3,5,7 years as prison sentence individually but 10 years together. 10 years is more extreme when compared to the sentences recommended individually.

I hope my answer helps you.

5 0
3 years ago
Other questions:
  • In September 2009 a U.S. investor chooses to invest $500,000 in German equity securities at a then current spot rate of $1.30/eu
    14·1 answer
  • Assume a company's Income Statement for Year 12 is as follows Year 12 in 000s Income Statement Data Net Revenues from Footwear S
    14·1 answer
  • What assumptions are necessary for a market to be perfectly​ competitive? In light of what you have learned in this​ chapter, wh
    7·2 answers
  • A machine cost $1,200,000, has annual depreciation of $200,000, and has accumulated depreciation of $950,000 on December 31, 202
    9·1 answer
  • arett Motors is trying to decide whether it should keep its existing car washing machine or purchase a new one that has technolo
    10·1 answer
  • IM GONNA CRY MY EYES OUT PLEASE HELP ME Type the correct answer in the box. Spell the words correctly.
    9·1 answer
  • What is considered a drawback of a larger school? BRAINLIEST to the right answer
    5·1 answer
  • d Corporation purchased a depreciable asset for $840300 on January 1, 2018. The estimated salvage value is $87000, and the estim
    14·1 answer
  • A company purchased equipment for use in the business at a cost of $15,000, one-fourth was paid in cash, and the company signed
    15·1 answer
  • Profit-sharing plans, commissions, bonuses, and stock options are examples of:.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!