Cash Short or Over Is an Expense Account When It

question 70

True/False

Cash Short or Over is an expense account when it has a debit balance.

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Definitions:

London Drugs

A Canadian retail store chain specializing in pharmaceuticals, electronics, cosmetics, and a range of household goods.

Operating Expenses

Ongoing costs for running a business, excluding the cost of goods sold but including items like rent and salaries.

Digital Cameras

Electronic devices that capture and store photographs in digital format, allowing easy storage, viewing, and sharing.

Retail Price

The selling price of goods or services to the end consumer, typically including costs and markup.