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The Cash Over and Short account: A) Is not necessary in a computerized accounting...

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Accounting

The Cash Over and Short account:

A) Is not necessary in a computerized accounting system. B) Is used when the cash account reports a credit balance. C) Can never have a debit balance. D) Is used to record the income effects of errors in making change and/or processing petty cash transactions. E) Can never have a credit balance.

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