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
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The Correct Answer is option A) An expense on the income statement
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Goods in Transit are included in a purchaser’s inventory:
(Founder of Management Notes)
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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