The Cash Account Has a Credit Balance

question 213

Multiple Choice

The Cash account has a credit balance. Which statement is true?

• A) This is the normal balance for cash.
• B) An error has occurred and must be corrected before financial statements can be prepared.
• C) The account needs to be analyzed to determine the reason for the credit balance.
• D) Debit postings exceed the credit postings for the accounting period.

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Definitions:

Impaired Functioning

A reduction in the normal operation or activity of a part of the body or mind, affecting daily life or specific tasks.

Extreme Manifestations

Refers to the highly exaggerated or intense expressions, behaviors, or appearances of a particular condition, personality trait, or phenomenon.

Common Behaviors

Patterns of actions or reactions that are typical or expected within a particular group or context.

Dissociative Fugue

Dissociative Fugue is a psychiatric disorder characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.