The cash count sheet determines all of the following except the:
A)cash shortage or overage,if any.
B)amount of cash available for deposit in the bank.
C)amount of cash to be reported on the balance sheet.
D)amount of cash received.

Question

Quizplus · Accepted Answer

By documenting the total cash sales,the cash register provides an independent record of the amount of cash the cashier should have collected and passed on for deposit at the bank.The cashier uses this information when completing a cash count sheet at the end of each shift.The cash count sheet documents the amount of cash the cashier received and determines any cash short or over that occurred during the shift.A cash count sheet does not document the amount of cash reported on the balance sheet.

The Cash Count Sheet Determines All of the Following Except