Alpha Technologies provides computer maintenance services and has the following information for August 31: Cash register tape $1,942 Cash count 2,148 Change Fund 200 Compute the cash shortage or cash overage to be recorded by Alpha on August 31. a.$6 overage b.$6 shortage c.$5 shortage d.$5 overage

Alpha Technologies provides computer maintenance services and has the following information for August 31: Cash register tape $1,942 Cash count 2,148 Change Fund 200 Compute the cash shortage or cash overage to be recorded by Alpha on August 31. a.$6 overage b.$6 shortage c.$5 shortage d.$5 overage

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 4EA: Record the following transactions: A. Started a petty cash fund in the amount of $500. B....

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Concept explainers

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.

Question

Alpha Technologies provides computer maintenance services and has the following information for August 31:

Cash register tape	$1,942
Cash count	2,148
Change Fund	200

Compute the cash shortage or cash overage to be recorded by Alpha on August 31.

a.$6 overage

b.$6 shortage

c.$5 shortage

d.$5 overage

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