All of the following are stages in preparing a cash budget except:
A) estimating income
B) estimating expenses
C) calculating depreciation expense
D) finalizing the cash budget

Question

Quizplus · Accepted Answer

Calculating depreciation expense is not a stage in preparing a cash budget. Depreciation is a non-cash expense, meaning it does not affect cash inflows or outflows, and therefore does not need to be included in a cash budget. The other three choices (estimating income, estimating expenses, finalizing the cash budget) are all stages in preparing a cash budget.

All of the Following Are Stages in Preparing a Cash