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    Fundamental Accounting Principles Study Set 7
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    Exam 7: Internal Control and Cash
  5. Question
    Z-Mart Had $43 in Missing Petty Cash Receipts
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Z-Mart Had $43 in Missing Petty Cash Receipts

Question 73

Question 73

Multiple Choice

Z-Mart had $43 in missing petty cash receipts. The correct procedure is to:


A) Credit Cash Over and Short for $43.
B) Credit Petty Cash for $43.
C) Debit Petty Cash for $43.
D) Credit Cash for $43.
E) Debit Cash Over and Short for $43.

Correct Answer:

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