What is overcast payment?
Answers
Answered by
28
DEFINITION of 'Overcast' A forecasting error that occurs when estimating volumes of items such as future cash flows, performance levels or production.
Answered by
2
Answer:
Overcast means when you commit a totalling error due to which the total shown by you is more than the actual total.
In accounting terminology, Overstated or overcast is the opposite of understated. This term is used to describe an incorrect reported amount that is higher than the actual amount. ... Another account will also have the same error, due to the requirements for double-entry accounting principle.
Thnku!❤️
Similar questions