Occurs When Revenue Is Less Than Expenses

The vertical distance between the total revenue line and the total expense line on a cvp graph represents the total or 1 word per blank a.

Occurs when revenue is less than expenses. When expenses are greater than revenue. Assets are greater than liabilities. Revenue is greater than expenses b. In rare cases the budget variance can also refer to the difference between actual and budgeted assets and liabilities.

Gains and losses are treated differently for tax purposes depending on if they are short term usually occurring in 12 months or less or long term taking place over more than one year. If the total contribution margin is less than the total fixed expenses then a 2 words will occur. A revenue deficit occurs when the net income generated revenues less expenditures falls short of the projected net income. This happens when the actual amount of revenue.

This places the activity in the accounting period during which the activity occurred. If all expenses cost are deducted then the answer will be net income. You accrue income and expenses by recording a journal entry rather than the actual sale or invoice. Revenue is less than expenses c.

A deficit occurs when a country s expenses are greater than their revenues. Upvote 1 downvote 0 reply 0 answer added by muhammad usman zubair manager accounts projects bahria town construction wing phase 8 5 years ago. Revenue expenses income. Option no 1 will be the answer.

Revenues are less than expenses. A loss is when. When revenue is greater than expenses. Revenue is equal to expenses d.

Basic accounting 111 book. False as revenue increases the owners equity if expenses are less than revenues and vice versa. Net income results when.