A Company Had $43 Missing from Petty Cash That Was

question 163

Multiple Choice

A company had $43 missing from petty cash that was not accounted for by petty cash receipts.The correct procedure is to:

• A)Debit Cash Over and Short for $43.
• B)Credit Cash Over and Short for $43.
• C)Debit Petty Cash for $43.
• D)Credit Petty Cash for $43.
• E)Debit Cash for $43.

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Definitions:

Conservation Of Resources

A principle in stress theory suggesting individuals strive to retain, protect, and build resources and that stress occurs when resources are threatened with loss or are actually lost.

Self-Efficacy

A person's belief in their own ability to succeed in specific situations or accomplish a task.

Spiritual Transcendence

A proposed “sixth personality trait” defined as the ability to view life from a perspective that transcends space and time and to achieve a sense of unity with nature.

Religiosity

The extent of an individual's religious belief, practice, and involvement within their life.