A plan for controlling and forecasting your cash inflows and cash outflows is called a(n)
A)income statement.
B)balance sheet.
C)cash budget.
D)statement of changes in financial position.
E)none of the above.

Question

Quizplus · Accepted Answer

A plan for controlling and forecasting cash inflows and outflows is called a cash budget. An income statement shows revenue, expenses, and profits or losses over a given period but doesn't necessarily include cash inflows and outflows. A balance sheet is a statement of a company's financial position at a certain point in time, showing assets, liabilities, and equity. The statement of changes in financial position shows how a company's cash balance has changed over time.

A Plan for Controlling and Forecasting Your Cash Inflows and Cash