Multiple Choice
Which of the following is true of the cash budget?
A) It is prepared first in the master budget.
B) It is also called budgeted balance sheet.
C) It consists of cash receipts and cash payments.
D) It is the base for the preparation of the sales budget.
Correct Answer:
Verified
Correct Answer:
Verified
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Q42: In estimating cash receipts and cash payments
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Q51: A budget can contain only financial information.