Examlex
Both horticulture and agriculture focus on the use of plants as a source of food. What is the difference between them?
Credit
An accounting entry that increases liabilities or equity or decreases an asset or expense.
Underapplied Manufacturing Overhead
A situation where the allocated manufacturing overhead costs are less than the actual overhead costs.
Overapplied Manufacturing Overhead
Occurs when the amount of overhead applied to products or services exceeds the actual manufacturing overhead costs incurred.
Debit
An entry on the left side of an account, indicating an increase in assets or expenses, or a decrease in liabilities, equity, or revenue.
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