When expenses are more than revenue the budget has a: O balance O debit O surplus deficit

Q: 1) What is a budget 2)Compare two characteristics each partial budget and complete budget

A: Budget There are different type of budge which are prepared in the business entity which can be…

Q: A budget deficit would result when a person's or family's Actual expenses are less than planned…

A: Honor code: Since you have asked multiple questions, we will solve the first question for you. If…

Q: The Production Budget depends upon information provided by the Revenues Budget. TRUE FALSE

A: Meaning of Production Budget  The production budget considers the units in the sales budget and the…

Q: A budget w irrespective called?

A: Option (B) fixed budget is the correct answer.

Q: Calculate the percent change that the total of all categories is over budget.

A: Projected Budgeted is an estimation of all the costs and expenses that can occur in the following…

Q: The amount by which actual spending exceeds planned spending is called a surplus, and the amount by…

A: Actual expenditure is compared with budgeted or planned spending to identify the surplus or deficit.

Q: Which of the following is not the example of functional budget? Production Budget Cost of goods sold…

A: Functional Budget: Function Budget represent the function of a Business. For example to represent…

Q: The capital expenditures budget is derived from the Operating budget and the financing budgets?…

A: A capital expenditure budget is a formal plan that states the amounts and timing of fixed asset…

Q: Cash budget is the most important of all the functional budget because; cash is required for the…

A: The cash budget preparation is very much important for small organization to track the liquidity…

Q: Which of the following items will not appear on a cash budget?  A) Expected cash payments B)…

A: A cash budget is an estimated  of the company's cash inflow and Outflow position in the future.

Q: Which of the following appears on the budgeted balance sheet? *   A. estimated sales   B. estimated…

A: The budgeted balance sheet includes current assets, long-term assets, Current liabilities, Long term…

Q: When expenses are more than revenue the budget has a : which answer is correct? A. Balance B. Debit…

A: Introduction: Budgeting is a collection of tasks done to plan a budget. A budget is a quantitative…

Q: A cash flow table is different than a budget in that a cash flow table Multiple Choice most commonty…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: 1- What are the differences between budget and balance sheet?

A: Budget and balance sheet are two different things in accounting. Budgets are prepared on estimation…

Q: Which is the budget state where expenditures exceed revenue? Group of answer choices Net Loss…

A: budget state when expenditure is less than revenue is surplus.

Q: What is the difference between a budget deficit and a budget surplus?

A: A budget deficit is when the expenses outweigh the revenue brought in by a project. Conversely, a…

Q: A fixed budget is: Select one: a. A budget for fixed costs b. A budget for fixed assets c. A budget…

A: Given: A fixed budget is: Select one: A budget for fixed costs A budget for fixed assets A budget…

Q: When preparing a budget, A.GST is a necessary cost of doing business B.GST is only necessary for…

A: GST refers to Goods and Services Tax. It is an indirect tax levied on the value of goods and…

Q: Sales budget is a forecast expressed in Select one: a. Quality and Money b. None of the above c.…

A: Introduction: Sales budget: Sales budget means forecasting of future sales. Based on past data and…

Q: What is a federal budget deficit or surplus? How does this affectinterest rates?

A: The question is based on the concept of federal budget position and its impact on the prevailing…

Q: indicate yes if the item is an important budgeting guideline orno if it is not. Goals in a budget…

A: Budgeting: Budgeting is a very important process in managing the future financing affairs of a…

Q: What assumption is implicitly made about cost behavior when all of the items in a budget areadjusted…

A: Definition: Static Budget: A budget that doesn’t changes with the volume of activity throughout the…

Q: budget flexed? Give an Example.

A: Flexing of budget is a method used to prepare estimates of the future level of revenues and…

Q: The accountant perspective of the budget views the budget as a rational decision-making tool? True…

A: Budgeting is the process of estimating the profitability, business requirements like production…

Q: in the o

A: The right answer is  Budgeted Balance Sheet

Q: How would you measure the credibility of a cash forecast budget?

A: Forecasting is technique that uses historical data as inputs to make informed estimates that are…

Q: Which of the following expenses would not appear in the cash budget? Depreciation expense Marketing…

A: Cash Budget is prepared to analysis the cash transaction or cash flow of business. Non-cash items…

Q: Which of the following is not an operating budget?

A: Operating Budget is those Budget which relates to the Daily Operations of a Organization, Generally…

Q: A cash budget and an income statement have many similarities. What are the main differences between…

A: Budget is an estimation of expenses and revenues over a future period which needs to be rechecked…

Q: a) How much (in dollars) is available to help balance future budgets? $ b) Calculate the budgetary…

A: a) balance future budgets : Total Fund Balance - Certain Transfers…

Q: Which of the following budgets are prepared before the cash budget? Selling and Administrative…

A: The budgets are prepared to record the requirements for the period.

Q: When expenses are more than revenue the budget has a:a). balanceb). debitc). surplusd). deficit

A: Budget: It can be defined as a financial plan of quantitative nature that shows the expected…

Q: Which one of the following statements is true about a balanced budget? Group of answer choices…

A: Balanced budget is a budget in which revenues are equal to expenses. There is no surplus or deficit.

Q: hich is not a section of the cash budge

A: Cash budget is a budget or an estimation of all cash inflows and outflows for a specified period of…

Q: Explain the process for creating an operating budget and its importance.

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: Define each of the following terms:f. Cash budget; target cash balance

A: Budget refers to the plan which defines the expected revenues and expenses during a particular time…

Q: proper budget equation

A: Budget is an estimate of future financial position of an entity based on the available facts.

Q: Static budget reflects the plan or estimates made reflecting the actual activity level. O True False

A: >Budgets are the future estimates based on certain assumptions and estimates. >Budgets can…

Q: Why is the budget report important?

A: A budget report is the official document which is prepared by the accountant which shows how the…

Q: Which of the following statements is false with respect to a budgeted income statement? Its interest…

A: The budgeted income statement is like other income statements which shows all the expenses and the…

Q: An income statement differs from a cash flow budget in the following ways: A.    A cash flow budget…

A: Answer is Option D All of the above.

Q: A budget is a historical record of the previous year’s financial activities; True or False

A: A budget is a forecast of revenue and expenses for a specific future period of time that is usually…

Q: The profit and liquidity budget reflects periods, while a balance sheet budget shows a situation at…

A: Budgeting The process of estimating revenue and expenses for a future period of time refers to the…

Q: Which of the following will not appear in a cash budget? a.Wages b.Machinery bought on hire purchase…

A: Cash Budget: A cash budget provides details of a company’s cash inflow and outflow throughout a…