0
What else can I help you with?
When income exceeds expenses the difference is called?
penis
What is difference between the amount budgeted and the actual amount is called?
Difference between actual amount and budgeted amount is called "Variance" and variance analysis is done to find out the reasons for variance
What is it called when the amount credited to an AO account exceeds the amount billed by the bank?
When the amount credited to an account exceeds the amount billed by the bank, it is typically referred to as an "overpayment." This situation may arise from various factors, such as billing errors, duplicate payments, or adjustments made by the bank. An overpayment can result in a credit balance in the account, which may be refunded or applied to future charges.
What is the difference between prepaid insurance and insurance expense?
When payment for insurance is made advance of actual expenses then it is called prepaid insurance which is asset for business until insurance benefit is utilized while insurance expense is actual insurance expense when insurance benefit is taken.
When an expense is incurred but has not been paid it should be credited to which account?
When an expense is incurred but not yet paid, it should be credited to an expense account and debited to a liability account, typically called "Accounts Payable" or "Accrued Expenses." This reflects that the company has incurred an obligation to pay for the expense in the future. The expense is recognized in the period it was incurred, while the liability indicates the amount owed.
When income exceeds expenses the difference is called?
penis
What is the difference between revenue and expense called?
Net Income
The amount by which the required discount rate exceeds the risk-free rate is called what?
Risk premium.
What is difference between the amount budgeted and the actual amount is called?
Difference between actual amount and budgeted amount is called "Variance" and variance analysis is done to find out the reasons for variance
What it is called when the value of imports exceeds the value of exports?
The difference between the value of a country's exports and the value of its imports. If the value of exports exceeds that of imports, a country is said to have a trade surplus, while the opposite case is called a trade deficit.
When demand exceeds the amount of resources what is the result called?
When demand exceeds the amount of resources, the result is called a shortage. This occurs when the quantity of a good or service available is insufficient to meet the desire for it, leading to unmet consumer needs. Shortages can lead to increased prices, competition for the limited resources, and potential market inefficiencies.
What is it called when the amount credited to an AO account exceeds the amount billed by the bank?
When the amount credited to an account exceeds the amount billed by the bank, it is typically referred to as an "overpayment." This situation may arise from various factors, such as billing errors, duplicate payments, or adjustments made by the bank. An overpayment can result in a credit balance in the account, which may be refunded or applied to future charges.
When the total of the revenue section is more than the total of the expense section on a standard Income Statement what is the difference called?
net profit
What is the difference between prepaid insurance and insurance expense?
When payment for insurance is made advance of actual expenses then it is called prepaid insurance which is asset for business until insurance benefit is utilized while insurance expense is actual insurance expense when insurance benefit is taken.
A method that charges the same amount of expense over each period of the asset's useful life is called?
straight line depreciation
When an expense is incurred but has not been paid it should be credited to which account?
When an expense is incurred but not yet paid, it should be credited to an expense account and debited to a liability account, typically called "Accounts Payable" or "Accrued Expenses." This reflects that the company has incurred an obligation to pay for the expense in the future. The expense is recognized in the period it was incurred, while the liability indicates the amount owed.
What is the amount remaining when a number is subtracted from another called?
ther answer to a subtractiion problem is called the difference.
