Author Question: If the cash short and over account has a credit balance at the end of the fiscal year, the balance ... (Read 96 times)

fasfsadfdsfa · **on:** Jul 5, 2018

If the cash short and over account has a credit balance at the end of the fiscal year, the balance represents an expense or loss.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Only Internal Revenue Service (IRS) agents may conduct audits of financial statements.

Indicate whether the statement is true or false