If the ending balance in the Cash Short/Over account is a debit, it indicates that cash shortages have exceeded cash overages for the period.

Name: If the ending balance in the Cash Short/Over account is a debit, it indicates that cash shortages have exceeded cash overages for the period.
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Question

Quizplus · Accepted Answer

A debit balance in the Cash Short/Over account means that there were more cash shortages than overages during the period. This represents an overall loss of cash for the business.

If the Ending Balance in the Cash Short/Over Account Is