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    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 8: Cash and Internal Controls
  5. Question
    The Account Is Used to Record the Effects of Cash
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The Account Is Used to Record the Effects of Cash

Question 6

Question 6

Short Answer

The account is used to record the effects of cash overages and shortages from errors in making change or managing a petty cash fund.

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