Uncle's Caps, a merchandiser, wants to prepare the budgeted balance sheet for the next budget period. For this purpose the amount of ending cash balance can be retrieved from:

Question

Quizplus · Accepted Answer

The ending cash balance can be retrieved from the cash budget, as it provides a detailed projection of all cash inflows and outflows for the budget period. The sales budget and Cost of Goods Sold budget deal with revenue and expense projections, respectively, while the budgeted funds flow statement provides an overview of cash flows but does not provide a specific ending cash balance amount.

Uncle's Caps, a Merchandiser, Wants to Prepare the Budgeted Balance