Question 3

A debit journal entry to the cash short and over account is used to record a cash shortage.

A. True
B. False



Answer :

Final answer:

In accounting, a debit journal entry to the cash short and over account is not used to record a cash shortage.


Explanation:

False

A debit journal entry to the cash short and over account is used to record a cash shortage. This means that a debit to this account is used to account for cash overages, not shortages. In accounting, debits and credits must always balance to ensure accurate financial records.

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