Match the following terms with their correct definition.
-An account used to record any discrepancies between the cash records and the actual amount of cash received
A)Cash equivalents
B)Cash over and short
C)Operating cycle
D)Petty cash

Question

Quizplus · Accepted Answer

Cash over and short is an account used to record any discrepancies between the cash records and the actual amount of cash received.

Match the Following Terms with Their Correct Definition