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Basile [38]
1 year ago
15

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

Business
1 answer:
AVprozaik [17]1 year ago
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

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cupoosta [38]
1.Technical Certified/VRQ (Vocational related Qualification)

2.NVQ (National Vocational Qualification)

3.Key skills

4.EER (Employment Rights & Responsibilities)
3 0
3 years ago
In what way did the cotton gin contribute to the dramatic rise in production?
seropon [69]
B I believe this is the right answer
8 0
3 years ago
Oriole Company was formed on December 1, 2019. The following information is available from Oriole's inventory record for Product
Leokris [45]

Answer:

FIFO Ending Inventory $ 64900

Explanation:

Oriole Company

Date                         Particulars        Units       Unit Cost       Total Cost

January 1, (beginning inventory)    2,000              $15         30,000

January 5,            Purchases:         2,500              $17          42500

January 25,          Purchases:         2,200               $18         39600

February 16,        Purchases:           1,100                 $19        20900

<u>March 15,               Purchases:         2,200              $20        44000</u>

<u>Total                                                10,000                            $ 177000  </u>

A physical inventory on March 31, 2020, shows 3,300 units on hand.

FIFO means first in first out. It is a method of calculating inventory items. In it the first items purchased are sold out first. Following this rulethe ending inventory FIFO can be calculated by moving backwards from March 15 purchases as follows.

FIFO Ending Inventory $ 64900

March 15 Purchases  2,200 units at $20=$ 44000

February 16,Purchases units 1,100 at $19 =$20900

6 0
3 years ago
What is the term for goods that
m_a_m_a [10]

The term for goods that your business ships to another country is known as <u>Exports</u>.

Export/ Exporting:

  • The process by which companies from one country sell their goods and services to companies or consumers in a different country is known as Exporting.
  • The exports, along with imports, make up international trade.
  • They are incredibly important to modern economies as they offer people and firms many more markets for their goods.
  • Exporting into foreign markets can reduce per-unit costs by expanding operations to meet increased demand.
  • Also, the companies that export into foreign markets gain new knowledge and experience that may allow the discovery of new technologies, marketing practices, and insights into foreign competitors.

7 0
1 year ago
Factory Overhead Cost Budget Sweet Tooth Candy Company budgeted the following costs for anticipated production for August: Adver
Doss [256]

Answer:

variable costs

manufacturing supplies =$14000

production supervisor wages=$135,000

power and light=$48000

production control wages=$32000

materials management wages=$39000

total=$268000

fixed costs

factory insurance =$30000

factory depreciation =$22000

<u>Total= $52000</u>

3 0
3 years ago
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