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    Cornerstones of Financial Accounting Study Set 1
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    Exam 2: Internal Control and Cash
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    What Is the Name of the Account That Records Differences
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What Is the Name of the Account That Records Differences

Question 18

Question 18

Multiple Choice

What is the name of the account that records differences between amounts of cash deposited and amounts from the cash register tapes?


A) petty cash
B) cash over and short
C) cash equivalents
D) discrepancy expense

Correct Answer:

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