In relation to cash budgets, it is true that:
A) they are based on preparing a projected bank reconciliation.
B) they are prepared by entities that sell entirely on credit.
C) they are the last budget to be prepared.
D) they include depreciation.

Question

Quizplus · Accepted Answer

Cash budgets are prepared by entities that sell on credit to manage cash flow, ensuring they have enough cash to meet obligations despite not receiving immediate cash from sales.

In Relation to Cash Budgets, It Is True That