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    Business
  3. Study Set
    Fundamental Financial Accounting Concepts
  4. Exam
    Exam 6: Internal Control and Accounting for Cash
  5. Question
    A Credit Balance in Cash Short and Over Represents a Shortage
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A Credit Balance in Cash Short and Over Represents a Shortage

Question 125

Question 125

True/False

A credit balance in Cash Short and Over represents a shortage of cash and would be treated as an expense.

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