Fill in the following blanks: (i) Overall budget is also known as _________________. (ii) Budgets prepared at
Question:
Fill in the following blanks:
(i) Overall budget is also known as _________________.
(ii) Budgets prepared at the single level of activity are referred to as ________________________.
(iii) ** estimates costs at several levels of activity.
(iv) For most of the business firms, _____________________ is key budget.
(v) Budgets are an important tool of _____________________.
(vi) Minimum desired cash balance concept is useful in the preparation of _____________________ budget.
(vii) Cash budget is a tool of _____________________ financial planning.
(viii) Factors generating cash are categorized into two broad categories, namely, _____________________.
(ix) The primary objective of cash budget is to ascertain whether there is likely to be _____________________ of cash at any time.
(x) Sales and production budgets are _____________________ budgets.
Step by Step Answer:
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain