Tags Business Accounting and Bookkeeping Financial Statements

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

What Journal entry do i make to record cash shortage?

Updated: 9/16/2023

Wiki User

∙ 14y ago

Best Answer

Hi,

There is no journal entry for cash shortage as you can never have money less than 0. However if the credit side of the ledger is more than the debit side of the Cash book, the entry passed is Cash/Bank A/C dr......To Bank Overdraft A/C.

Wiki User

∙ 14y ago

This answer is:

Add your answer:

Earn +20 pts

Q: What Journal entry do i make to record cash shortage?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

How do you record a journal entry for sale of equipment?

Debit cash / bankCredit equipment

What is the journal entry to record a refund?

Debit refund accountCredit cash / bank

How do you record a journal entry for cash receipts?

[debit] cashcredit accounts receivable

What is the journal entry to record a reserve?

Debit reserve accountCredit cash / bank

What is the journal entry to record receit of cash?

debit cashcredit accounts receivable

Related questions

How to you record advances in journal entry?

debit advancescredit cash / bank

How do you record a journal entry for opening a cash account?

debit cash accountcredit bank account

What is Journal entry for record of wages?

[debit] wages expensescredit cash / bank

What is Journal entry record of wages?

Debit wages expensesCredit cash / bank

How do you record a journal entry for a service cost?

debit services costcredit cash

How do you record a journal entry for sale of equipment?

Debit cash / bankCredit equipment

What is the journal entry to record a refund?

Debit refund accountCredit cash / bank

How do you record a journal entry for cash receipts?

[debit] cashcredit accounts receivable

What is the journal entry to record a reserve?

Debit reserve accountCredit cash / bank

What is the journal entry to record receit of cash?

debit cashcredit accounts receivable

How do you record cash received from a customer on a double entry journal?

debit cash / bankcredit accounts receivable

What is THE journal entry to record paid in capital?

Debit cash / bankCredit paid in capital

Trending Questions

What are Supply a short response for this vacancy for creditors clerk? What are the advantages of having an online checking account? What is the cumulative amount that a firm often is paying to secure capital? What are the examples of fixed costs? What is a Certifing officers maximun level of pecuniary liability with regards to erroneous payments? What are the sources of fixed capital in a supermarket? What are indebtedness expenses? What is credit payment safe batch? When a company uses the perpetual inventory method the inventory account should stay current at all times T F? Do you enter your current occupation or the occupation that you earned the previous year's income from when filling out the occupation field on the 1040EZ? Can you locate the ATM transcation location by the reference number given in the ATM slip? What is aba number for ITAUBRSP? Can you file your taxes jointly with different addresses? What is the meaning of i owe you my all from now? What is the journal entry for Share capital and Paid up Capital? How can one learn about fixed income securities? When can you file 2009 tax return? If im marry could i do your income tax sepertly? What does border of first entry mean? What is the minimum earnings that require us to file a tax return?

Still have questions?

imp

Previously Viewed

What Journal entry do i make to record cash shortage?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.