The ____ tells how much money is needed to operate a new business.
A) income statement
B) profit and loss statement
C) cash budget
D) t-account
E) balance sheet

Question

Quizplus · Accepted Answer

A cash budget is a financial statement that projects cash inflows and outflows for a specific period of time, often monthly or quarterly. It helps in estimating how much cash is needed to operate a new business. The income statement, profit and loss statement, t-account, and balance sheet provide information on the financial performance and position of a business, but do not specifically address the amount of money needed to start a new venture.

The ____ Tells How Much Money Is Needed to Operate