A company has prepared the operational budget and the cash budget and is now preparing the budgeted balance sheet. To provide the balance for the Cash account, which document should be used?

Question

Quizplus · Accepted Answer

The Cash budget provides information about the inflows and outflows of cash during a particular period of time, which is essential for preparing the budgeted balance sheet. The other documents listed are important for preparing the budgeted income statement or the inventory turnover ratios, but they don't provide the necessary information for the cash balance.

A Company Has Prepared the Operational Budget and the Cash