Q275
_____________ is a detailed budget of cash receipts and cash expenditure incorporating both revenue and capital items.
A.
Cash Budget
AnswerB.
Capital Expenditure Budget
C.
Sales Budget
D.
Overhead Budget
Answer: Option A
Solution
Answer: Option A
Solution:
Cash Budget is a detailed budget of cash receipts and cash expenditure incorporating both revenue and capital items. A cash budget is an estimation of the cash inflows and outflows for a business over a specific period of time. This budget is used to assess whether the entity has sufficient cash to operate.