The Cash Over and Short account Question 1 options: Is used to record a credit balance in the cash account Is an income

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The Cash Over and Short account Question 1 options: Is used to record a credit balance in the cash account Is an income

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The Cash Over and Short account
Question 1 options:
Is used to record a credit balance in the cash account
Is an income statement account used for recording the income
effects of cash overages and cash shortages from errors in making
change and missing petty cash receipts
Is not necessary in a computerized accounting system
Is an income statement account used for recording the income
effects of cash overages and cash shortages from errors in making
change and missing petty cash receipts and is not necessary in a
computerized accounting system
None of these
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