Cash budget is a statement of a firm's planned inflows and outflows of cash that is used to estimate its long-term cash requirement.

Name: Cash budget is a statement of a firm's planned inflows and outflows of cash that is used to estimate its long-term cash requirement.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

A cash budget is primarily used for short-term financial planning to manage the company's cash flow, rather than estimating long-term cash requirements.

Cash Budget Is a Statement of a Firm's Planned Inflows