What Is the Name of the Account That Records Differences

question 18

Multiple Choice

What is the name of the account that records differences between amounts of cash deposited and amounts from the cash register tapes?

• A) petty cash
• B) cash over and short
• C) cash equivalents
• D) discrepancy expense

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Definitions:

Task Ambiguity

Task ambiguity occurs when there is uncertainty about what is expected in a job role, how to perform the job, or the outcomes expected, often leading to confusion and inefficiency.

Team Skill

The collective abilities and competencies of a group that enables them to achieve their goals and work effectively together.

Team Skill

The collective abilities and competencies of a group that enable effective collaboration, problem-solving, and achievement of common goals.

Social Loafing

The tendency of some members to avoid responsibility by “free-riding” during group tasks.