A cash budget includes receipts that don't appear in the income statement

Name: A cash budget includes receipts that don't appear in the income statement
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

A cash budget includes all cash inflows and outflows, including receipts that may not be recorded on the income statement, such as loans received, capital contributions, and sale of assets. These items impact the cash balance and are important to consider when creating a cash budget.

A Cash Budget Includes Receipts That Don't Appear in the Income