The Cash Over and Short Account

question 66

Multiple Choice

The Cash Over and Short account:

• A)Is not necessary in a computerized accounting system.
• B)Is used to record a credit balance in the cash account.
• C)Is an income statement account used for recording the income effects of cash overages and cash shortages from errors in making change and missing petty cash receipts.
• D)Is an income statement account used for recording the income effects of cash overages and cash shortages from errors in making change and missing petty cash receipts and is not necessary in a computerized accounting system.
• E)None of these answers is correct.

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Definitions:

Neuroglia

Supportive cells in the nervous system that do not produce electrical impulses but are crucial for the functioning of neurons.

Action Potentials

Electrical impulses that mediate the conduction of signals along the neuron's membrane, playing a critical role in nerve signal transmission.

Effector

An organ, gland, or muscle capable of responding to a stimulus, especially a nerve impulse.

Nervous System

The complex network of nerve cells and fibers that transmits nerve impulses between parts of the body, enabling sensation, movement, and thought.