If cash amounts to $1,585, excluding the Change Fund, and the cash register tape shows cash sales of $1,570, then Cash Short and Over is credited for $15.

Question

Quizplus · Accepted Answer

If the cash register tape shows cash sales of $1,570 and the total cash received is $1,585, then there is an overage of $15. Since Cash Short and Over is used to record any differences between actual cash received and the expected amount, in this case, it would be credited for $15.

If Cash Amounts to $1,585, Excluding the Change Fund, and the Cash