Which one of the following budgeted expenditures will appear in both the budgeted statement of profit or loss and the budgeted statement of financial position but not in the cash budget of an organization?

Question

Quizplus · Accepted Answer

Accrued expenditure is recognized in the profit or loss statement when incurred, and it appears as a liability in the financial position statement, but it does not appear in the cash budget until it is paid.

Which One of the Following Budgeted Expenditures Will Appear in Both