Only companies seeking loans from a bank need to prepare a cash budget.

Name: Only companies seeking loans from a bank need to prepare a cash budget.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

All companies should prepare a cash budget, regardless of whether they are seeking a loan from a bank or not. A cash budget helps in managing cash flows effectively, ensuring that the company has enough cash to cover expenses and invest in growth opportunities.

Only Companies Seeking Loans from a Bank Need to Prepare