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    tutlind831's Avatar
    tutlind831 Posts: 1, Reputation: 1
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    #1

    Mar 31, 2015, 12:10 PM
    Cash over/short for closing entries
    I know that sash over/short goes in the income statement under other gains and loses and cash short/over goes in the inscome statemen under other expenses and loses, but does it also go in the closing entries as well?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Mar 31, 2015, 11:02 PM
    The question becomes at what point has it been recorded. If an account exists then this will be included in the closing entries if it is being brought to account as a balance day adjustment it will also be included
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