A Credit Balance in the Cash Short and Over Account

question 181

Multiple Choice

A credit balance in the Cash Short and Over account appears on the:

• A)balance sheet as a current asset.
• B)income statement as other revenue.
• C)income statement as a miscellaneous expense.
• D)balance sheet as a current liability.

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Definitions:

Query Design View

An interface in database management systems where users can visually create and modify queries to extract specific data.

Criteria

Standards or rules by which something can be judged or decisions can be made.

Sort Orders

A method or sequence applied to arrange data or items in a specific order, such as ascending or descending.

Filter By Form

A method in database and spreadsheet software that allows users to filter data by specifying criteria in a form-like interface.