The total amount of cash collections from customers by month appears on the ________.
A) sales budget
B) operating expense budget
C) cash budget
D) budgeted balance sheet

Question

Quizplus · Accepted Answer

The cash collections from customers are a component of the cash budget, which outlines the inflows and outflows of cash for a given period. The sales budget outlines sales revenue, but not necessarily collections of cash. The operating expense budget outlines anticipated expenses, while the budgeted balance sheet is a snapshot of an organization's financial position at a particular point in time and does not necessarily outline the specific details of cash collections.

The Total Amount of Cash Collections from Customers by Month