A cash budget is one in which: a。Group of answer choices b。credit sales and cash sales are recorded. c。credit sales and all expenses are recorded. d。 cash sales and cash expenses are recorded. e。 cash sales and all expenses are recorded.
Question
A cash budget is one in which:
a。Group of answer choices
b。credit sales and cash sales are recorded.
c。credit sales and all expenses are recorded.
d。 cash sales and cash expenses are recorded.
e。 cash sales and all expenses are recorded.
Solution
A cash budget is one in which:
d. cash sales and cash expenses are recorded.
A cash budget is a detailed plan showing how cash resources will be acquired and used over a specific time period. It includes only transactions that involve the inflow or outflow of cash. Therefore, it records cash sales (cash inflow) and cash expenses (cash outflow).
Similar Questions
Cash budget
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Which of the following information is NOT required when calculating the total cash disbursements of an annual cash budget? A. Uncollectable bad debt expenses from customers B. Purchase for raw materials C. Tax payment instalments D. Insurance expenses for the production facilities E. Employee salaries
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This are categorized as financial budget except for...a.Investment Budget and Cash Budgetb.Balance Sheet Projection and Investment Budgetc.Investment Budget and Cost Budgetd.Cash Budget and Balance Sheet Projectione.Profit Budget and Income Budget
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