Examlex
A detached garage with electric power must have ____.
Cash Over and Short
An account used to record the discrepancies between the expected and actual amount of cash, reflecting either excess (over) or deficiency (short).
Petty Cash Fund
A small amount of cash kept on hand used for paying minor expenses, managed through an imprest system to simplify tracking of petty transactions.
Cash Account
An account that records all transactions involving cash inflows and outflows.
Petty Cash Fund
A minor sum of money maintained in reserve to cover minor, immediate costs.
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