A Company Had $43 Missing from Petty Cash That Was

question 163

Multiple Choice

A company had $43 missing from petty cash that was not accounted for by petty cash receipts.The correct procedure is to:

• A)Debit Cash Over and Short for $43.
• B)Credit Cash Over and Short for $43.
• C)Debit Petty Cash for $43.
• D)Credit Petty Cash for $43.
• E)Debit Cash for $43.

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Definitions:

Workplace Norms

Established standards and expectations for behavior and practices within a professional setting.

Trait

A distinguishing quality or characteristic, typically one belonging to a person.

Extraversion

A personality trait characterized by outgoingness, high energy, and a preference for social situations, contrasting with introversion.

Big Five

A personality model that proposes five broad dimensions used to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.