In Handling of Daily Cash Transactions,a Few Minor Errors Inevitably

question 85

Multiple Choice

In handling of daily cash transactions,a few minor errors inevitably will occur.Which of the following is used to adjust the accounting records for these small errors?

• A)The bank reconciliation
• B)The Petty Cash account
• C)The Cash Over and Short account
• D)The cash budget

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Definitions:

Restocked

The process of replenishing goods or materials that have been used or sold, keeping supplies at a necessary level.

Used Indefinitely

Describes items or resources that can be utilized for an unlimited period without a predetermined end date.

Repaired

The process of fixing or mending something that was broken or damaged.

Incidental Supplies

Items or materials used in the course of medical care or treatment that are not directly related to a specific patient's diagnosis or treatment.