Multiple Choice
A Cash Over and Short account is
A) not generally acceptable under Canadian GAAP.
B) debited when the sum of the receipts and the cash in the fund is more than the imprest amount.
C) debited when the sum of the receipts and the cash in the fund is less than the imprest amount.
D) a contra account to Cash.
Correct Answer:
Verified
Correct Answer:
Verified
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