Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When reviewing the budget vs actual report using accounting software you notice the over budget column has a negative number for income. This would indiciate:
When reviewing the budget vs actual report using accounting software you notice the over budget column has a negative number for income. This would indiciate:
an error in the dates of the report since actual and budgeted numbers should be the same | ||
the actual income was less than the budgeted income | ||
the budgeted income was less than the actual income | ||
the income transactions were processed incorrectly |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started