A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet.The balance of Accounts Receivable can be obtained from ________.

Question

Quizplus · Accepted Answer

The balance of Accounts Receivable can be obtained from the cash receipts from customers in the cash budget, as this budget shows the expected cash inflows from customers, which includes payments for accounts receivable. The other budgets listed do not directly relate to Accounts Receivable.

A Company Has Prepared the Operating Budget and the Cash