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:

CRP System

Continuous Replenishment Program, a supply chain management strategy aimed at improving inventory management and enhancing the flow of goods from suppliers to consumers.

Collaboration

The action of working with someone to produce or create something, often seen in business, science, and creative fields.

Coordination Problems

Challenges faced in aligning actions, schedules, or tasks among various parties or units within an organization.

CRP Systems

Capacity Requirement Planning (CRP) Systems are used in manufacturing to plan the production capacity needed to meet customer demands.