Assume that cash sales according to the register file total $705 but the amount of cash in the register is $685.This cash shortage of $20 represents a Miscellaneous Expense.

Question

Quizplus · Accepted Answer

The cash shortage of $20 is a discrepancy between the expected cash sales ($705) and the actual cash in the register ($685). This discrepancy is classified as a Miscellaneous Expense.

Assume That Cash Sales According to the Register File Total