All categories

2 months ago

The credit balance in cash short and over at the end of an accounting period is reported as?

1 answer:

7 0

The credit balance in cash short and over at the end of an accounting period is reported as an expense on the income statement.

Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and definitions vary by region.

The definition of income is the amount of money received by an individual, group or business during a specified period. An example income is an annual salary of $70,000.

Income is money received by an individual or business in return for providing work, producing goods or services, or investing capital. While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services that exceed their production costs.

Learn more about income here:brainly.com/question/25745683

#SPJ4

You might be interested in

Có bao nhiêu loại hình cơ sở lưu trú du lịch theo Luật du lịch Việt Nam 2017

klemol [59]

Answer:

Pls follow me I'm new here BTS Army

6 0

2 years ago

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of tea, one biscuit, a

dimulka [17.4K]

Answer:

11.11%

8 Baskets and in year 2, 9 Baskets, the value of money will increases

Increases

Explanation:

The computation of the given question is shown below:-

Decrease at an Annual Rate = price of the same basket ÷ the basket costs - one year

= $8 ÷$ 9 - 1

= 0.1111

= 11.11%

In year one, $72.00 will buy 8 Baskets and in year 2, 9 Baskets, the value of money will increases.

The value of money is increasing.

6 0

2 years ago

Workers in the nation of Brotherton expect managers to forcefully tell employees what to do, how to do it, and when. On the othe

Natasha_Volkova [10]

Answer: Socio-cultural

Explanation:

According to the given question, the socio-culture is one of the type of method that basically emphasizing the main responsibilities in terms of culture and social.

The socio-culture is one of the learning process which helps in explain the different types of learning perspective of the people and the interaction trajectory is helps in exploring the given concept.

According to the given question, the socio-culture difference is the concept which is used to differentiate between the american workers and the brother-ton workers that representing the management challenge in the market.

Therefore, Socio-culture is the correct answer.

7 0

2 years ago

How does imports, exports and balance of trade relate

skelet666 [1.2K]

Answer:

See explanation section

Explanation:

Export - When a country ships its domestic products (Goods and Services) to another country, after meeting the demand of the domestic people, for processing, using, and selling those, the term refers to export.

Import - When a country brings other countries' products in order to fulfill the demand of its population, it is coined as an import.

Balance of Trade - When there is a difference between the country's net monetary value of exports and imports, it is called the balance of trade. If export exceeds the import, there will be a trade surplus. On the other hand, when import exceeds the export, there will be a trade deficit.

6 0

2 years ago

By comparing opportunity costs and gains from trade for two parties each making the same two goods, one can determine the exact

oksian1 [2.3K]

Answer:

False

Explanation:

Opportunity cost is entirely a different process which helps to determine the cost someone is willing to bear. By comparing opportunity cost gains from the trade it is not possible to get the exact exchange ratio because opportunity cost just measures the range of options someone can take. Those options can lead to benefit for both the parties.

3 0

2 years ago