Multiple Choice At the end of the day, the cash register tape shows $1,400 in cash sales but the count of cash in the register is $1,510. The proper entry to account for this excess is: O Debit Cash $1,400, debit Cash Over and Short for $110: credit Sales $1.510 Debit Cash $1,510: credit Sales $1,510. Debit Cash $1,510; credit Sales $1,400; credit Cash Over and Short $110. Debit Cash Over and Short $110; credit Cash $110. Debit Cash $1,400; credit Sales $1,400 Help www. Save & Exit Submit
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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