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Budgeting

  • Note di Apprendimento
  • Revisione degli argomenti
    BabaJide Martins F.
    TR
    BabaJide Martins F.

    The cash budget is a report designed to show future movements of cash into and out of a business. The purpose of a cash budget is to plan and control future cash movements.

    BabaJide Martins F.
    TR
    BabaJide Martins F.

    The cash budget can be defined as a future movements of cash into and out of a business.

    Alice B.
    GQ
    Alice B.

    Budgeting is applied in our day to day lives and this is not just a theory but a fact supporting life.

    Hermina S.
    LC
    Hermina S.

    Cash budget reflects the movement of financial resources in and out of a business, within specific time periods.

    Morne V.
    ZA
    Morne V.

    The cash budget is a report designed to show future movements of cash into and out of a business

    Sunday O.
    NG
    Sunday O.

    Budgeting

    Odongo M.
    UG
    Odongo M.

    Accounting -> Budgeting Budgeting The cash budget The cash budget is a report designed to show future movements of cash into and out of a business. The purpose of a cash budget is to plan and control future cash movements. The cash budget may indicate shortages of cash, in which case the business may: arrange additional finance postpone intended spending on non-current assets delay payment of outstanding debts attempt to improve debt collection change the price at which goods and services are sold The cash budget also indicates excess cash. This enables the business to make decisions such as: early repayment of debts to reduce interest expense investment in longer term projects offering better interest rates in preference to holding the cash in the bank a reduction in owner's equity, improving return on investment Example Cash budget for the month ending 31 May Bank balance 1 May 2 100 + estimated cash receipts Cash sales 4 000 Debtors 5 000 Capital 2 500 Loan (received) 3 000 Sale of equipment 1 000 15 500 17 600 - estimated cash payments Cash purchases 2 400 Expenses (paid) 3 600 Drawings 2 000 Loan (repaid) 1 000 Vehicles 6 000 15 000 Bank balance 31 May 2 600

    Manish K.
    NP
    Manish K.

    the statement which gives estimated information about cash inflow and outflow is budget. budget is very important for planning about cash management and probable expenditure of an organization.

    Davidson Ade O.
    NG
    Davidson Ade O.

    Budgeting is the financial plan of an organization or government to meet the future needs or achieve a specific goals.

    Penelope M.
    US
    Penelope M.

    budgeting is something we experience on a daily basis. I know it's important to make sure the funds are being spent wisely.

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