If the balance in Cash Short and Over at the end of a period is a credit, it should be reported as "Other Income" on the income statement.

Name: If the balance in Cash Short and Over at the end of a period is a credit, it should be reported as "Other Income" on the income statement.
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Question

Quizplus · Accepted Answer

A credit balance in Cash Short and Over represents additional cash received beyond what was recorded, and therefore should be reported as "Other Income" on the income statement.

If the Balance in Cash Short and Over at the End