Assume that at the end of the day,the cash register tape shows a balance of $635.However,the cash drawer has a balance of $650.This difference should be debited to Miscellaneous Expense.

Name: Assume that at the end of the day,the cash register tape shows a balance of $635.However,the cash drawer has a balance of $650.This difference should be debited to Miscellaneous Expense.
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Question

Quizplus · Accepted Answer

The difference should be credited to Cash Over and Short account, not debited to Miscellaneous Expense.

Assume That at the End of the Day,the Cash Register