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  2. Topic
    Business
  3. Study Set
    Financial Managerial Accounting
  4. Exam
    Exam 7: Internal Control and Cash
  5. Question
    Consider the Following Journal Entry Made by Jones Company for One
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Consider the Following Journal Entry Made by Jones Company for One

Question 3

Question 3

Essay

Consider the following journal entry made by Jones Company for one day's sales of a single cashier.Upon investigation,what might you find happened to create this amount of Cash Over / Short account difference? Give three possible reasons for this difference.
Consider the following journal entry made by Jones Company for one day's sales of a single cashier.Upon investigation,what might you find happened to create this amount of Cash Over / Short account difference? Give three possible reasons for this difference.

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