Assume That Cash Sales According to the Register File Total

question 133

True/False

Assume that cash sales according to the register file total $705 but the amount of cash in the register is $685.This cash shortage of $20 represents a Miscellaneous Expense.

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Definitions:

Superseding Event

An unforeseeable event that interrupts the chain of causation and relieves all parties of liability.

Assumption of Risk

A legal doctrine under which an individual knowingly and willingly takes on the risks associated with an activity, potentially limiting liability for harm that occurs as a result.

Res Ipsa Loquitur

A legal doctrine that infers negligence from the very nature of an accident or injury, in the absence of direct evidence on how any defendant behaved.

Rebuttable Presumption

is a presumption in law that one can challenge and overturn with evidence to the contrary.