At the End of the Day,the Cash Register's Record Shows

question 11

Multiple Choice

At the end of the day,the cash register's record shows $2,050,but the count of cash in the cash register is $2,058.The correct entry to record the cash sales is:

• A)Debit Cash $2,058; credit Sales $2,058.
• B)Debit Cash $2,058; credit Cash Over and Short $8; credit Sales $2,050.
• C)Debit Cash $2,050; credit Sales $2,050.
• D)Debit Cash $2,050; debit Cash Over and Short $8; credit Sales $2,058.
• E)Debit Cash Over and Short $8,credit Sales $8.

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Definitions:

Insurance Company

A financial institution that provides risk management through the mechanism of insurance contracts, covering various types of risks including health, property, and life.

HIPAA Compliance Officer

A designated individual responsible for overseeing the implementation of HIPAA regulations and ensuring an organization's compliance with patient privacy and security laws.

Auditing

The process of examining and verifying a company's financial records to ensure accuracy and compliance with accounting standards and regulations.

Compliance

Compliance refers to the action of following rules, regulations, or orders, often used within legal, regulatory, or medical contexts.