When preparing the cash budget, all the following should be considered except:
A) Cash receipts from customers.
B) Cash payments for merchandise.
C) Depreciation expense.
D) Cash payments for income taxes.
E) Cash payments for capital expenditures.

Question

Quizplus · Accepted Answer

Depreciation expense is a non-cash expense and is not included in the cash budget. The other options are all cash transactions that need to be accounted for in the cash budget.

When Preparing the Cash Budget, All the Following Should Be