Under IFRS, the Cash Over and Short account is shown on the statement of financial position as an addition to (over) or subtraction from (short) the cash account.

Question

Quizplus · Accepted Answer

Under IFRS, the Cash Over and Short account is typically not shown separately on the statement of financial position; it is usually adjusted within the cash account or reported as a miscellaneous expense or income.

Under IFRS, the Cash Over and Short Account Is Shown