In a cash budget,credit sales to customers are recorded as soon as the sale is made.

Name: In a cash budget,credit sales to customers are recorded as soon as the sale is made.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a cash budget, credit sales to customers are not recorded as soon as the sale is made. Only cash inflows and outflows are recorded based on the expected timing of cash receipts and payments. Credit sales are recorded separately in the sales budget and may not result in immediate cash inflows.

In a Cash Budget,credit Sales to Customers Are Recorded as Soon