A Company Had $43 Missing from Petty Cash Which Was

question 107

Multiple Choice

A company had $43 missing from petty cash which 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)Credit Cash for $43.

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Definitions:

Powerful Position

A status or role that confers authority and influence over others, often accompanied by the ability to make important decisions.

Societal Norms

Shared expectations and rules that guide behavior of people within social groups.

Morality Stage

A concept from developmental psychology indicating the progression of moral reasoning and ethical behavior in individuals.

Adult Role Models

Individuals of maturity who exemplify behaviors, attitudes, or success patterns that are admired and possibly emulated by younger people.