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

Find the absolute value and the opposite of the integer. –179 a. The absolute value is –179 and the opposite is –179. b. The absolute value is –179 and the op
123 cm3 = mm ? 3.6 cm2 = dm2 ?
unknown factor and quotient
Toni can carry up to 18 lb in her backpack. her lunch weighs 1 lb, her gym clothes weigh 3 lb each. how many books can she carry in her backpack?
In mr.primes class, 9/10 of the students had done their homework. Of these, 2/3 had al correct answers. What fraction of the whole class had all correct answers
What is 36/540 partial quotients form
The Indonesian name for Borneo is a. Brunei. b. Kalimantan. c. Sulawesi. d. Irian Jaya.
Which country's ratification of the Kyoto Protocol to reduce global warming brought the treaty into effect?
Which expression is equivalent to cos120°?
planned action leads generally to a positive consequense