Cash Short and Over
Cash Short and Over is the account that records cash shortages and overages. If the ending balance is a debit.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Cash Short and Over. The account that records cash shortages and overages. If the ending balance is a debit.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
