Which of the following is a valid definition of a cash budget?
A) A detailed budget of estimated cash inflows and outflows incorporating both revenue and capital items.
B) A detailed budget of estimated cash inflows only, incorporating receipts from cash sales as well as from credit customers.
C) A detailed budget of estimated cash inflows and outflows incorporating revenue items only.
D) A detailed budget of estimated cash outflows only, incorporating both depreciation and capital expenditure.
Correct Answer:
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