A Cash Over and Short Account Is

question 447

Multiple Choice

A Cash Over and Short account is

• A)not generally acceptable under Canadian GAAP.
• B)debited when the sum of the receipts and the cash in the fund is more than the imprest
• Amount.
• C)debited when the sum of the receipts and the cash in the fund is less than the imprest
• Amount.
• D)a contra account to Cash.

---

Definitions:

Critical Ratio

A decision-making tool that compares the time remaining until a deadline with the total remaining time required for completion.

Work Centre

A specific location, machine, or group of machines where operations or processing steps are carried out.

Process Times

The duration required to complete a specific activity or sequence of activities in a production or business process.

Due Dates

Specified dates by which a project, task, or payment is due to be completed or made.