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The Cash Over and Short account: Multiple Choice a. Can never have a debit balance. Can never have a credit balance. b. Is used when the cash account reports a credit balance. c. Is used to record the income effects of errors in making change and/or processing petty cash transactions. d. Is not necessary in a computerized accounting system.
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The Cash Over and Short account: Multiple Choice a. Can never have a debit balance. Can never have a...
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