The 'Beginning Cash Balance' would most likely appear on which type of budget?
A) Cash receipts budget
B) Summary cash budget
C) Sales budget
D) Cash disbursements budget

Question

Quizplus · Accepted Answer

The beginning cash balance is the amount of cash a company has on hand at the start of the budgeting period. It would be included in a summary cash budget, which summarizes all cash inflows and outflows for the period and helps the company monitor its cash position. A cash receipts budget would only detail the anticipated cash inflows, a sales budget would only detail sales revenue, and a cash disbursements budget would only detail the anticipated cash outflows.

The 'Beginning Cash Balance' Would Most Likely Appear on Which