You are beginning your own business and you developed a budget based on modest sales and...
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You are beginning your own business and you developed a budget based on modest sales and expense assumptions. The actual results are very close to your budget at the end of the first and second months. During the third month, both cash collected and paid differ significantly from the budget. What could be some possible causes and what should you do? You are beginning your own business and you developed a budget based on modest sales and expense assumptions. The actual results are very close to your budget at the end of the first and second months. During the third month, both cash collected and paid differ significantly from the budget. What could be some possible causes and what should you do?
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Answer rating: 100% (QA)
Answer I Difference arises in the actual sales expense and budgeted sales expense is known as budget ... View the full answer
Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
Posted Date:
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