Fill in the blanks.
1. The cash budget serves two purposes. First, it shows the ending _________, which is needed to complete the __________. Second, it highlights period's excess cash reserves or cash shortages.
2. A projection of cash receipts and cash payments for a future period of time is called a(n) ______________.
3. Since the __________ is a summary of all expected transactions for a future time period, it also must be the key to all expected cash transactions.
4. The _________________________ oversees each stage in the preparation of the _______________ budget, decides any departmental disputes that may rise in the process, and gives final approval to the budget.

Question

Quizplus · Accepted Answer

The Answer of Fill in the blanks.
1. The cash budget serves two purposes. First, it shows the ending _________, which is needed to complete the __________. Second, it highlights period's excess cash reserves or cash shortages.
2. A projection of cash receipts and cash payments for a future period of time is called a(n) ______________.
3. Since the __________ is a summary of all expected transactions for a future time period, it also must be the key to all expected cash transactions.
4. The _________________________ oversees each stage in the preparation of the _______________ budget, decides any departmental disputes that may rise in the process, and gives final approval to the budget.

Fill in the Blanks