A Debit Balance in the Cash Short and Over Account

question 167

Multiple Choice

A debit balance in the Cash Short and Over account at the end of the accounting period appears:

• A)on the income statement as a miscellaneous expense.
• B)on the balance sheet as a prepaid expense.
• C)on the balance sheet as a current liability.
• D)on the income statement grouped with cost of goods sold.

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