The debit balance in cash short and over at the end of an accounting period is reported as

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Carey

Business

16 November, 23:42

The debit balance in cash short and over at the end of an accounting period is reported as

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Cassius Winters · Answer 1

An expense on the income statement

Explanation:

The debit balance in cash short and over at the end of an accounting period is reported as an expense on the income statement. Expenses consist of cash outflows or incurring of liabilities.