The Debit Balance in Cash Short and Over at the End

question 21

Multiple Choice

The debit balance in Cash Short and Over at the end of an accounting period is reported as

• A) an expense on the income statement
• B) income on the income statement
• C) an asset on the balance sheet
• D) a liability on the balance sheet

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Definitions:

Borderline Personality Disorder

a mental disorder characterized by unstable moods, behavior, and relationships.

Hispanic Americans

Individuals in the United States who are descendants of people from countries of Latin America and the Iberian Peninsula.

Non-Hispanic

A demographic term used to describe individuals who do not identify as Hispanic or Latino, often used in the context of ethnic or racial studies.

Obsessive-Compulsive

Relating to, characteristic of, or affected by a disorder that involves persistent thoughts (obsessions) and repetitive behaviors (compulsions) as an attempt to control these thoughts.