A company had $53 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure is to:
A. Debit Petty Cash for $53.
B. Debit Cash Over and Short for $53.
C. Credit Petty Cash for $53.
D. Credit Cash Over and Short for $53.
E. Debit Cash for $53.
Answer: B
Business
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