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Answer to Question #96953 in Accounting for Berihun Addis
Question #96953
which sections of the income statement would a debits balance in cash short and over be reported?
Expert's answer
The profit and loss statement only shows the turnover on the accounts. The debits balance in cash short is shown in the balance sheet asset as a part of current assets.
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#340153 on Dec 2023
#340153 on Dec 2023
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