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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.

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Answer:

D) 75

Explanation:

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we calculate the derivative of q:

(q') = 305 - 4X

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$10 / $2 = 305 - 4X

5 = 305 - 4X

4X = 305 - 5 = 300

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Answer:

She pays the inheritance tax , while the estate is responsible for the estate tax.

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Neporo4naja [7]

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Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

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MA_775_DIABLO [31]

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Rewarding behavior, not just results

Explanation:

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