A Cash Over and Short accoun
a. is not generally accepted.
b. is debited when the petty cash fund proves out over.
c. is debited when the petty cash fund proves out short.
d. is a contra account to Cash.
Answer: c. is debited when the petty cash fund proves out short.
You might also like to view...
In the context of an HRM audit, average unemployment compensation payment primarily serves as a vital business indicator for activities related to _____.
A. staffing B. training C. employee appraisals D. benefits E. recruitment
Which of the following can help business firms stimulate innovation?
a. Hiring employees with low risk tolerance b. Telling employees that they must fear failure c. Instructing managers to use micromanagement techniques d. Using teams of writers to imagine detailed opportunities and threats for their companies