52. A cash shortage of government is most likely recorded as a Debit to receivable account Debit to cash shortage or overage account Credit to miscellaneous income account Credit to cash shortage or overage account

52. A cash shortage of government is most likely recorded as a Debit to receivable account Debit to cash shortage or overage account Credit to miscellaneous income account Credit to cash shortage or overage account

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 1CYBK

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52. A cash shortage of government is most likely recorded as a

1. Debit to receivable account
2. Debit to cash shortage or overage account
3. Credit to miscellaneous income account
4. Credit to cash shortage or overage account

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