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Match the Following Terms with the Best Definition Given

Question 188

Matching

Match the following terms with the best definition given.

Premises:

Responses:

budgeted balance sheet

A plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process.

cash budget

A plan that lists dollar amounts to be both received from disposing of plant assets and spent on purchasing additional pant assets to carry out the budgeted business activities.

production budget

A formal statement of future plans, usually expressed in monetary terms.

budget

A plan that shows the expected cash inflows and outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans.

capital expenditure budget

A plan showing the number of units to be produced each month.

sales budget

An accounting report that presents predicted amounts of the company’s assets, liabilities, and equity as of the end of the budget period.

Premises:

budgeted balance sheet

cash budget

production budget

budget

capital expenditure budget

sales budget

Responses:

A plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process.

A plan that lists dollar amounts to be both received from disposing of plant assets and spent on purchasing additional pant assets to carry out the budgeted business activities.

A formal statement of future plans, usually expressed in monetary terms.

A plan that shows the expected cash inflows and outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans.

A plan showing the number of units to be produced each month.

An accounting report that presents predicted amounts of the company’s assets, liabilities, and equity as of the end of the budget period.

Correct Answer:

Premises:

Responses:

budgeted balance sheet

cash budget

production budget

budget

capital expenditure budget

sales budget

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