If Petty Cash is not replenished at the end of the accounting period:
- the balance sheet would show an overstated cash asset.
- expenses would not be recorded in the period in which they were incurred.
- the income statement would reflect a net income amount that was too high.
<h3>What happens when petty cash is not replenished?</h3><h3 />
Because the cash that was meant to go to the petty cash was not taken from the cash account, this account will have more than it should (overstated).
The expenses which were incurred and recorded in the petty cash would not be accounted for which means that the income would be overstated as these expenses were not deducted from it.
Find out more on the petty cash at brainly.com/question/17439772.
#SPJ1
Answer:
chief information officer
Explanation:
Chief information officer (CIO) is an executive job title commonly given to the person at an enterprise in charge of information technology (IT) strategy and the computer systems required to support the organization's unique objectives and goals.
Answer:
Letter e is correct. <u>A independent variable.</u>
Explanation:
In this question, the most appropriate alternative is the letter e, an independent variable.
In statistics, an independent variable is one whose measure will not depend on any other variable, unlike the dependent variable which corresponds to a measure that will always depend on another variable measure.
Answer:
Home-group sharing
Explanation:
The Home-group is a group of Windows computers and devices connected to the same LAN or local area network, that can share content and connected devices with each other. For instance, computers that are part of the same Home-group can share pictures, music, videos, documents and printers with each other.
The Home-group is a feature that was first introduced in Windows 7 and is also present in Windows 8.1 and in Windows 10.
The idea behind the Home-group is simple: to provide an easy way for sharing libraries, folders and devices on small networks such as that from your home. Accessing stuff that's shared with the Home-group is easy and doesn't require users to type in usernames and passwords.
Answer:
1. The size of the economy as a whole grows as a result of free trade.
2. Consumers benefit from free trade.
3. Free trade can reduce cost of trading:
Explanation:
The three strongest arguments that you can offer to the Indian government about why the policy shift to freer trade is desirable for India are as follows:
1. The size of the economy as a whole grows as a result of free trade: It provides for more efficient production of goods and services. This is because it encourages goods and services to be created in areas with the finest natural resources, infrastructure, or skills and experience. It boosts productivity, which can lead to greater long-term wages. There is universal consensus that growing global trade has boosted economic growth in recent decades.
2. Consumers benefit from free trade: By removing barriers and promoting competition, it lowers prices. Quality and choice are likely to improve as a result of increased competition.
3. Free trade can reduce cost of trading: Non-tariff barriers can be reduced, resulting in less red tape and lower trading costs. Companies that deal in multiple nations might reduce their compliance expenses by working with a single set of laws. In principle, this will lower the cost of goods and services.