If a cash register is short by $19, and the cash register tape totalled $1,550, then:
A) Sales Revenue is credited for $1,569.
B) Sales Revenue is credited for $1,531.
C) Cash Short and Over is credited for $19.
D) Cash Short and Over is debited for $19.
Correct Answer:
Verified
Q125: A credit balance in the Cash Short
Q126: Electronic Data Interchange is a method of
Q127: The cash register in an internal control
Q128: Cash equivalents include liquid assets such as
Q129: The entry to reimburse the petty cash
Q131: The petty cash fund must be replenished
Q132: Prepare journal entries for the following independent
Q133: Cash sales for the day amount to
Q134: The supplier invoice should be matched with
Q135: The Cash Short and Over account is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents