The cash budget is the first component of the master budget.
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Q25: Budgeting helps the entrepreneur recognise and avoid
Q26: Budgeting will be most useful after the
Q27: In the operating cycle, credit sales of
Q28: In the operating cycle, credit purchases of
Q29: The sales budget is the first component
Q31: The purchases budget is the first component
Q32: The purchases budget shows the purchases required
Q33: The purchases budget for a service business
Q34: In preparing the selling expenses budget, variable
Q35: In preparing the selling expenses budget, fixed
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