The cash budget helps avoid unnecessary idle cash and at the same time maintain minimum cash balances.

Name: The cash budget helps avoid unnecessary idle cash and at the same time maintain minimum cash balances.
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

The cash budget is a tool used to predict and manage cash inflows and outflows. By analyzing the cash budget, a company can avoid keeping unnecessary idle cash and maintain minimum cash balance to meet its obligations. Therefore, the given statement is true.

The Cash Budget Helps Avoid Unnecessary Idle Cash and at the Same