Multiple Choice
Which statement is true?
A) Most firms prepare cash budgets for periods of 5 years or more.
B) The bank figure in the budgeted balance sheet comes from the cash budget.
C) Budgeted retained profits is calculated as opening balance plus budgeted profit plus budgeted dividends.
D) GST can be ignored when preparing budgets.
Correct Answer:
Verified
Correct Answer:
Verified
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