babychanti
babychanti babychanti
  • 23-01-2021
  • Business
contestada

3. Cash Short and Over is classified as a(n) (A) asset. (B) liability. (C) expense.
(D) equity.

Respuesta :

Samawati
Samawati Samawati
  • 25-01-2021

Answer:

(C) expense

Explanation:

Cash over and short are treated as business expenses. They are recorded in the cash and over the account.  It means businesses have cash and over an account in the General ledger.

Since the cash over and short account is an expenses account, cash over is debited, while a short is credited.

Answer Link

Otras preguntas

The difference between the meanings of combining forms spondyl/o and vertebr/o is
What force do you need to exert on the rope if you want to pull the box at constant speed?
What is the yo form of the verb conocer in the present tense? A.) Conocemos B.) Conocen C.) Conozco D.) Conoces
Explain how the discovery of oil changed Oklahoma. Include the types of jobs that are found in the oil industry.
Explain why a city with the same latitude but higher elevation will have a lower temperature
Write a speech about your personal mission statement and why you chose it. Must be 2-3 minutes long
PLEASE HELPOne wall inside a shoe store is used to display walking shoes and running shoes. There are 135 pairs of shoes in this display. There are 1.5 times a
Please help me factor x^4 - 14^2 + 33
Define physical, human and world regional geography
How did the marshall court's decisions contribute to economic growth and development?