An Income Statement Account That Is Used to Record Cash

question 19

Multiple Choice

An income statement account that is used to record cash overages and cash shortages arising from petty cash transactions or from errors in making change is titled:

• A) Cash Lost.
• B) Bank Reconciliation.
• C) Petty Cash.
• D) Cash Over and Short.
• E) Cash Receivable.

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Definitions:

Manifest

To display or show a quality or feeling through one's actions or appearance; to be evidence of.

Engage

To participate or become involved in an activity, to attract and hold attention, or to enter into confrontation or battle.

Provoke

To stimulate or incite someone to a reaction or emotion, typically in a negative way.

Task Conflict

A disagreement or dispute around the content and outcomes of a task, often related to differences in viewpoints, ideas, and opinions.