An anticipated need for short-term borrowed funds is best shown in
A)an operating budget
B)a capital budget
C)a production budget
D)a cash budget

Question

Quizplus · Accepted Answer

A cash budget provides a detailed breakdown of expected inflows and outflows of cash over a specific period, usually a month. It helps to identify any anticipated short-term cash shortages or surpluses, allowing the organization to make appropriate borrowing or investment decisions. Therefore, an anticipated need for short-term borrowed funds is best shown in a cash budget.

An Anticipated Need for Short-Term Borrowed Funds Is Best Shown