Explain the three major elements of a cash budget and the reasons why a company needs to
Question:
Explain the three major elements of a cash budget and the reasons why a company needs to prepare a cash budget.
Cash BudgetA cash budget is an estimation of the cash flows for a business over a specific period of time. These cash inflows and outflows include revenues collected, expenses paid, and loans receipts and payment. Its primary purpose is to provide the...
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A cash budget should contain the following three elements 1 Cash receipts 2 Cash di...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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