The term 'cash' in cash budget stands for ______ and ____
Credit balance, Debit balance
Cash balance, bank balance
Purchase, Sales
None of these
A common starting point in the budgeting process is
Expected future net income
Past performance
To motivate the sales force
A clean slate, with no expectations.
Which of the following is not a financial budget?
Capital expenditure budget
Cash budget
Manufacturing overhead budget
Budgeted statement of financial position
If budgets are to be effective, all of the following must be present expect.
Acceptance at all levels of management
Research and analysis in setting realistic goals
Share holders approval of the budget
Sound organisational structure
Purchase of Furniture is an example for
Cash receipts
Cash payments
Cash receipts and Cash payments
Cash Budget is also called as
Management Budget
Production Budget
Finance Budget
Sales Budget
The opening balance of cash in April is Rs. 1250. Total receipts for the month are Rs.4300 and total payments amounted to Rs. 3750. Opening balance of cash in May will be
1,800
1,900
2,000
3,200
Opening balance of cash in January is Rs 9,000. The estimated receipts are Rs 14,000 and the estimated payments are Rs 10,000. The opening balance of cash in February will be
Rs 21,000
Rs 11,000
Rs 13,000
Rs 12,000
Which of the following statement is incorrect?
The cash budget is an element of a master budget
The direct labour budget is specifically dependent on the production budget
The budgeting process would normally begin with preparation of a sales budget
A continuous budget is feasible only for sales projections
Which of the following is not true about a cash budget.
A cash budget sets out all cash receipts and payments that a business expects to make over a period of time
Cash budgets include personal cash receipts and expenses
Cash budgets are usually prepared on a month-to month basis
Cash budgets show the expected bank balance at the end of the month.
