contestada

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.
A. True
B. False

Respuesta :

Answer:

B. False

Explanation:

A cash overage is a situation whereby the sum, of the cash count and the petty cash expenses are greater than the float.  In this situation, it means that there is excess in the cash.  The expected cash balance is less than the actual cash balance.  The opposite is a cash shortage where the sum of the cash count and the petty cash expenses are less than the float.  That means that the cashier must have spent more cash than is necessary.