At the end of the fiscal period, the Cash Short and Over account has a credit balance. This amount would be

Name: At the end of the fiscal period, the Cash Short and Over account has a credit balance. This amount would be
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When the Cash Short and Over account has a credit balance at the end of the fiscal period, it indicates that there were more cash receipts than expected. This surplus is treated as a form of income, thus it is included as part of Miscellaneous Income on the Income Statement.

At the End of the Fiscal Period, the Cash Short