Answer:
a) difference.
Explanation:
As we know the budget represents the difference between the expected and the actual results
So as per the given situation, in the case when the amount of the expected and the actual results are not same or similar so it should be the budget difference
hence, the option a is correct
And, the rest of the options are incorrect
Answer: decrease ; less saving
Explanation:As people attempt to save more, the result is both a decline in output and unchanged saving. Although people want to save more at a given level of income, their income decreases by an amount such that their saving is unchanged. As people save more at their initial level of income, they decrease their consumption. But this decreased consumption decreases demand, which decreases production. A change in autonomous spending has a different effect on output than the actual change in autonomous spending.
Answer:
$125,000
Explanation:
Opening values of;
Total assets = $120,000
Total liabilities = $40,000
Total equity = $120,000 - $40,000 = $80,000
During the year,
Total revenues = $140,000
Total expenses = $50,000
Withdrawal by owner = $45,000
The amount withdrawn by the owner reduces the owners equity. This may be deducted from the net income.
Net income from the year = $140,000 - $50,000 - $45,000
= $45,000
This will be added to the opening owner's equity to get the closing owner's equity.
Owner's equity at the end of the year = $80,000 + $45,000
= $125,000
Answer:
D. During the current fiscal period or a reasonable time after year-end defined by each individual government.
Explanation:
Modified accrual basis makes use of the accrual and cash basis of accounting.
It is used to monitor flow of funds in government finance books.
The resource recognition is done as defined by the government within the fiscal year or after.
Estimation of cash flow is done as soon as funds is available to fund government expenditure.
Answer:
Cash is credited for $89
Supplies Expense is debited for $40
Delivery Expense is debited for $49.
Explanation:
The journal entry is shown below:
Delivery expenses $49
Supplies expenses $49
To Cash $89
(Being the replenish of the account is recorded)
While recording this journal entry we debited the delivery expenses, supplies expenses and credited the cash account so that the proper posting could be done
