Which of the Following Is Not True of a Cash

question 32

Multiple Choice

Which of the following is not true of a cash shortage/overage?

• A)It has a debit balance if there is a shortage.
• B)It is reported on the balance sheet.
• C)It is classified as a non-operating expense or revenue.
• D)If the recorded cash exceeds the cash counted,a shortage exists.

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Definitions:

Close-Knit

Describes a group of individuals who share strong bonds and are tightly interconnected.

Shared Commitment

A mutual agreement or pledge among members of a group to pursue a common goal or adhere to a set of standards.

Joint Performance

Describes the collective output or results achieved by a team or group working together towards common goals.

Friendship Group

A social unit formed by individuals who share personal bonds, interests, or activities, often providing mutual support and companionship.