Accounting treatment


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In a supermarket, an cashier is working, at the end of the day, he finds a difference of cash plus or minus against sales, What would be the accounting treatment of the said difference
 
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Joined
May 25, 2018
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If its a minor (negligible) difference, the difference can be accounted for in "Cash Collection Over/Short" Account, grouped with "General & Admin Expenses"
 

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