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debit cash, credit expense

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Q: If you have over accrued a liability on the books Which would be an appropriate entry to remedy the situation?
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What should I do if I receive a 1099misc for goods I did not receive?

Contact the company that sent you the 1099misc. If this does not remedy the situation then call the IRS main number at 1-800-829-1040. If you still need additional help then make an appointment with a tax preparer at a tax preparation firm such as HR Block.


Why would a company pursue a security audit?

There are many reasons why a company would pursue a security audit. One of the most common ones would be if the company feels that someone in the company's security team is leaking company information and has become a risk to the company. The security audit will determine the leak and the company will be able to remedy the situation.


Could you explain the concept of budgeting in a business?

Budgets are statements of estimated resources set apart for execution of planned works or activities over a specified period of time. A budget is the blue print of the outcome of the organization's operations in a financial year. Budget indicates the quantitative parameters of an organization's performance. Terry has defined budgetary control "as a process of finding out what is being done and comparing the result with corresponding budget data to verify accomplishments, or to remedy differences."


How do you write a letter of dispute to the original creditor as opposed to the credit bureau?

Check your statements and get the address. Or check the back of your credit card and call the 800 number. One way or the other,get the address and simply write to them. You have the right to dispute any item in question with any original company. In fact, if you choose to dispute it with the credit bureau and it does not work out the way you like, then the next step is to contact the creditor(orginal company) to dispute it. So why not start there? (Here is a sample offered by another contributor:) ---------- To Whom It May Concern On February 19, 2005 I signed up with Sprint over the phone. I was told I was going to get the 4 phones free of charge. I called a week later to add an additional phone, as I didn't originally realize I needed 5 phones. The gentleman I spoke with assured me that I would get the same deal. He said your 4 phones were free, so this one would be too. I also pointed out shipping was waived and that I would only be charged a one time activation fee. When I received my invoice, there was a 29.99 charge per phone. I immediately called Sprint to dispute. I explained what was promised to me over the phone, as being free of charge. She said the charge was tax on the phones. I was told that a manager by the name of Travis would contact me within 2 business days. I have yet to hear from him. One month later I received my credit card invoice. This was the card given when I requested an additional phone, making a grand total of 5 phones. There was an additional $35 activation fee on top of the one charged on my Sprint invoice. In conclusion, I believe I have been charged the $35 activation fee twice as well as 29.99 per phone that I was not previously advised would be charged. Please advise me the steps to be taken to remedy this situation. -----------


What Are the Benefits of performance budget?

Businesses rely on performance budgets to determine the best time to make bold, strategic moves. By constantly monitoring and reducing expenses, firms increase cash in corporate vaults and may use excess funds to expand their businesses. For smaller companies, this is particularly interesting, as they may save enough money to grow market share and whittle away at bigger players' domination. To put it in sports terms, smaller players that save enough money stay on the bench waiting for a chance to become stars. Improved productivity is another advantage of performance budgets. These blueprints indicate to manufacturing supervisors where to look for inefficiencies and how to gradually, intelligently remedy production problems. Improved factory processes generally translate into better working conditions for production personnel, which, in turn, foster long-term productivity. FROM-VARUN MALHOTRA DAV COLLEGE JALANDHAR PH-9779735358

Related questions

What is a good sentence for remedy?

A good remedy for a sore throat is hot tea. Instead of asking for help, I'll remedy the situation myself.


Discuss whether or not you feel that affirmative action programs reverse discrimination and criteria of comparable worth are appropriate forms of remedy?

Affirmative action programs, reverse discrimination, and criteria of comparable worth are appropriate forms of remedy.


Where does the comma go in this sentence In short steps have been taken to remedy the situation?

The comma should be placed after the word "steps" to create a pause and improve readability: "In short, steps have been taken to remedy the situation."


What to do if you are charged the wrong price for a car you purchased?

THe logical thing to do - is to contact the vendor to remedy the situation.


What is a synonym for treatment?

depends, medical: remedy, medication, therapy handling of a situation: approach, procedure, conduct


What is the nature of general tortuous liability?

Tortuous liability arises from a negligence of civil duty, patent, copyright infringement or defamation. The important difference between contracted liability and this, is that anyone can claim remedy not necessarily the contracting parties.


What other ways can gasoline remediation be used?

It isn't quite clear what situation you want to remedy. Please clarify.


How does the constitution remedy a situation in which congress a law that encroaches on the constitutional rights of a citizens?

Iskk


What is one remedy that is often appropriate for avoiding a potential conflict of interest?

Disclosing the possibility that there may be conflict of interest to all the parties that might be affected.


If you are seated in the back of the a large auditorium and you cannot hear the speaker in the front what aspect of sound needs to be altered to remedy the situation?

Amplitude of sound


What aspect of sound needs to be altered to remedy the situation if you are seated in the back of a large auditorium and you cannot hear the speaker in the front?

Amplitude of sound


Difference between tort and restitution?

Tort involves a legal wrong done by one party to another, resulting in harm or loss, for which the perpetrator must compensate the victim. Restitution, on the other hand, focuses on restoring the parties to the position they were in before the wrongful act occurred, often by requiring the return of property or funds that were wrongfully taken. While both concepts aim to provide relief to the aggrieved party, tort deals more with compensating for damages caused, while restitution focuses on returning what was wrongfully acquired.