A Cash Over and Short Account Is

question 3

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.

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