College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN: 9781305666160
Author: James A. Heintz, Robert W. Parry
Publisher: Cengage Learning
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Chapter 7, Problem 5MC

When the cash short and over account has a debit balance at the end of the month, it is considered

  1. (a) an expense.
  2. (b) an asset.
  3. (c) revenue.
  4. (d) a liability.
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College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

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