If the Amount of Cash Available for Deposit Is ____________________

question 23

Essay

If the amount of cash available for deposit is ____________________ than the amount listed on the audit tape taken from the cash register,the Cash Short or Over account is debited.

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Definitions:

Accrual Basis

An accounting method that records income and expenses when they are earned or incurred, regardless of when cash is exchanged.

Expenses

Costs incurred by a business or individual in the course of generating revenue, including operational costs and overheads.

Dividends Payable

A liability account on a company's balance sheet representing the amount of declared dividends that have not yet been paid out to shareholders.

Beginning

The starting point or initial stage of an event, process, or time period.