Determine the Cash Short (-)Or Over (+)Given the Following

question 47

Short Answer

Determine the cash short (-)or over (+)given the following:
The balance per the Petty Cash account $75
The count of coin and currency amounts to $27
There are receipts: for gas of $9,for office supplies of $18,for first aid supplies $14
$ ________

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Definitions:

Days' Sales in Receivables

A financial metric that estimates the average number of days it takes a company to collect payments after a sale has been made.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.

Trend Indication

An analysis or estimate aimed at predicting the future direction of something, often based on past and present data.

Partial Balance Sheet

A financial statement that shows a portion of a company’s assets, liabilities, and equity at a specific point in time, rather than the complete picture.