Each of the following budgets are used in preparing the cash budget except the: A. capital...
Each of the following budgets are used in preparing the cash budget except the:
A.
capital expenditures budget
B.
cash collections budget
C.
budgeted income statement
D.
cash payments for direct materials budget
Homework Answers
Answer : C = Budgeted Income Statement.
>> While preparing cash budget, we prepare cash collection from customers i.e sale of goods, provided services, cash payments to creditors i.e purchase of raw material, and capital expenditures budget
>> Above three statements has involvement of cash, for Budgeted income statement we can find both cash and non cash transactions.
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Each of the following budgets are used in preparing the cash
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