Q576
Type of plan of a company, which quantities expectations of cash flows, income and financial position is known as
A.
budget
AnswerB.
batching
C.
complexity
D.
process
Answer: Option A
Solution
Answer: Option A
Solution:
Type of plan of a company, which quantities expectations of cash flows, income and financial position is known as budget. A budget is a financial plan for a defined period, often one year. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.