If the cash register tape reads $220, the Change Fund is $100, and the cash count is $318, there is a $2 overage to Cash.

Question

Quizplus · Accepted Answer

To determine whether there is an overage or shortage in cash, we need to subtract the Change Fund from the cash count, which would give us the expected cash amount:

$318 - $100 = $218

If the cash register tape reads $220, then there is a $2 shortage in cash, not an overage. Therefore, the correct answer is B) False.

If the Cash Register Tape Reads $220, the Change Fund