Budgets identify, gather, summarise, and communicate: a) Financial data only. b) Financial and non-financial data. c) Non-financial data only. d) None of these.
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Budgets identify, gather, summarise, and communicate:
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a) Financial data only.
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b) Financial and non-financial data.
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c) Non-financial data only.
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d) None of these.
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- Why are budgets used if it's uncertain the actual revenues and expenses will match the estimated amounts?Budget comparison schedules or statements are needed for which funds? Should the budgetary comparison schedules' real revenues and expenditures be presented in accordance with GAAP? Why are you or are you not?An income statement differs from a cash flow budget in the following ways: A. A cash flow budget does not account for non-cash expenses B. A cash flow budget includes full cost and sale value of capital assets C. A cash flow budget includes non-farm income, loan receipts, and debt payments. D. All of the above
- Which of the following includes only financial budgets? capital asset budget, budgeted income statement, sales budget production budget, capital asset budget, budgeted balance sheet cash budget, budgeted balance sheet, capital asset budget budgeted income statement, direct material purchases budget, cash budgetWhich is not a section of the cash budget? cash receipts cash disbursements allowance for uncollectible accounts financing needsA budget is a historical record of the previous year’s financial activities; True or False
- Which of the following expenses would not appear in the cash budget? a. Depreciation expense b. Marketing expense c. Interest expense d. Wages expenseSelect the pupose for which the cash budgets -not - to be prepared a Plan for the investment to develop an entity • b. To control the expenses of an entity C. Whether the company will have deficit or surplus during the budget penod • d. None of these1) Explain the process for creating an operating budget and its importance. 2) Explain how revenues and expenses are grouped for planning and control in the financial statements. 3) Explain the differences between cash and accrual financial systems. plagiarism not allowed
- Which of the following items would not be found in the financing section of the cash budget? payment of accounts payable cash payments for debt retirement cash payments for interest dividend paymentsWhich is not a section of the cash budget?A. cash receiptsB. cash disbursementsC. allowance for uncollectible accountsD. financing needsWhat are the different types of budgets, and how are they used in accounting and finance?
