The account which records the difference between the cash needed for replenishment and amount of receipts is called:
A) Petty Cash.
B) Cash Over and Short.
C) Cash Equivalents.
D) Discrepancy Expense.
B
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Indicate whether the statement is true or false
Which generation has a dominant value system that has “enjoyment of life, desire for autonomy, self-reliance, spirituality, and diversity?”
a. Traditionalists b. Baby Boomers c. Baby Busters d. Generation X-ers
List two different methods of accounting for bad debts (uncollectible accounts) and briefly explain how the two methods differ.
What will be an ideal response?
With the emergence of smartphones, users no longer have to carry a separate music player, a video game, a laptop, or a magazine to keep themselves entertained when traveling. A smartphone is loaded with a variety of applications to satisfy all the customer needs that different industries or products individually satisfied earlier. As a result, the smartphone industry has been posing a threat to a lot of other unrelated industries. What is this phenomenon best known as?
A. backward integration B. product differentiation C. industry convergence D. customer myopia