During your audit of cash receipts of shift number 1 of a Burger Stand,the following details of inventories were submitted to you:UnitShift startsBeg. Invty.50 pieces80 pieces40 pieces60 pieces50 piecesShift endsSelling PriceDeliveries200 pieces150 pieces120 pieces150 pieces200 piecesOn Hand60 pieces90 pieces35 pieces50 pieces60 piecesItem23108.1012The total cash remittance of Shift 1 was P 10,650.How much is the cash shortage (overage) of Shift Number 1?O P 110 overageO None among the given answersO P 130 shortageO No shortage nor overageABCDE

Cash remittance: Cash remittance indicates a payment of money through cash instead of using any…

During your audit of cash receipts of shift number 1 of a Burger Stand, the following details of inventories were submitted to you: Shift starts Shift ends On Hand 60 pieces 90 pieces 35 pieces 50 pieces 60 pieces Unit Selling Price 23 Beg. Invty. 50 pieces 80 pieces 40 pieces 60 pieces 50 pieces Deliveries 200 pieces 150 pieces 120 pieces 150 pieces 200 pieces Item A 10 C 8 10 E 12 The total cash remittance of Shift 1 was P 10,650. How much is the cash shortage (overage) of Shift Number 1? O P 110 overage O None among the given answers P 130 shortage O No shortage nor overage

During your audit of cash receipts of shift number 1 of a Burger Stand, the following details of inventories were submitted to you: Shift starts Shift ends On Hand 60 pieces 90 pieces 35 pieces 50 pieces 60 pieces Unit Selling Price 23 Beg. Invty. 50 pieces 80 pieces 40 pieces 60 pieces 50 pieces Deliveries 200 pieces 150 pieces 120 pieces 150 pieces 200 pieces Item A 10 C 8 10 E 12 The total cash remittance of Shift 1 was P 10,650. How much is the cash shortage (overage) of Shift Number 1? O P 110 overage O None among the given answers P 130 shortage O No shortage nor overage

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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