The debit balance in cash short and over at the end of an accounting period is reported as
A) An expense on the income statement
B) Debit Cash
C) Credit Notes receivable
D) Deduction from the balance as per company records
[bg_collapse_level2 view=”button-orange” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer” collapse_text=”Hide Answer” ]
The Correct Answer is option A) An expense on the income statement
[/bg_collapse_level2]
Goods in Transit are included in a purchaser’s inventory:
Latest posts by Smirti (see all)
- Multi-Channel Inventory Management: Strategies, Tools, and Best Practices for Success - March 26, 2025
- Channel Management: Strategies, Best Practices, and Importance for Business Growth - March 25, 2025
- Benefits of Telecom Expense Management – 8 Major Benefits Explained | Telecom Management - March 21, 2025