When expenses are more than revenue the budget has a : which answer is correct? A. Balance B. Debit C. Surplus D. Deficit

Q: is the function of a budget?

A: Budget is nothing but planned allocation of revenue and expenses so that it help organization the…

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: Explain the value of utilizing a balance sheet to make a budget adjustment. What is the danger?

A: The budgeted balance sheet is usually prepared at the start of the fiscal year. The organization…

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: Difference between financial statements and budgeted financial statements.

A: Financial statements are written records that convey the business activities and the financial…

Q: What does it mean to state that budgeted fi xed expenses are not fl exed?

A: Fixed expenses. Fixed expenses can be defined as essential expenses that are necessary to incur for…

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: 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: 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: 2. Which of the following is the cornerstone (or most critical element) of the master budget? The…

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

Q: In business, a budget is a method for putting a limit on spending. Select one: True False

A: Budget is pre determined estimation of sales, production, material usage etc. It is a limit or 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 expenses are more than revenue the budget has a: O balance O debit O surplus deficit

A: Deficit is a situation when expenses are more than revenue.

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: budgeted balance sheet sales budget production budget budgeted…

A: Budgeted balance sheet Explanation ; A financial budget has 3 elements            1. cash budget…

Q: Which of the operating budgets is prepared first?A. production budgetB. sales budgetC. cash received…

A: Budgets are the estimates or forecasts that are being made for future period of time. Budget…

Q: in the o

A: The right answer is  Budgeted Balance Sheet

Q: . Float is defined as the difference between which of the following?  A.  Beginning cash…

A: In a company, it is not always necessary that the balance available in the company records matches…

Q: balance criteria in budgeting?

A: while making balance criteria in budgeting i always follow these steps; Establish your budgetBefore…

Q: Example of preparing a Pro Forma Balance Sheet Statement Budget

A: Pro Forma:   A pro forma statement could be a prediction, and a budget is a plan. Your budget could…

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: What assumption is implicitly made about cost behavior when a budget is directly compared toactual…

A:

Q: Which of the following accounts would appear ona budgeted balance sheet? Multiple Cholce All of the…

A: Solution: In a Balance sheet, Assets, liabilities and Equity accounts are represented. However…

Q: What type of procedure is a Budget vs. Actual comparison?

A: Budget is a statement of cost and revenue which are estimated at the start of the period  Actual is…

Q: explain the main advantages of identifying cash surpluses and deficits in a cash budget.?

A: Identifying if cash surplus is very important because cash surplus is very important for any kind of…

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: ________appears on the budgeted balance sheet?

A: The Answer

Q: Which is not a section of the cash budget?A. cash receiptsB. cash disbursementsC. allowance for…

A: A cash budget is a forecast of a company's free cash flow over a specific time period.  Companies…

Q: _________________is a component in a financial budget

A: The Answer

Q: WHERE DOES A CASH PURCHASE FALLS ON THE CASH BUDGET

A: A cash budget is a tool that indicates the amount of available cash is appropriate or not for the…

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: 1. Why we preparation of budget ?

A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…

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: 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: Sales budget is a Expenditure budget O Master budget Functional budget O None of these

A: Budget means the expected value of future. Budget is not affected by the actual value as it is…

Q: res of a budget

A: There should be a proper fixation of authority and responsibility. The delegation of authority…

Q: would appear on both the budgeted income statement and on the schedule of expected cash…

A: Non-cash expenditure doesn't involve outflow of cash.This occurs due to non-cash basis of accounting…

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…

Budgeted Income Statement

Accounting is the process of recording business-related financial transactions. The process of accounting involves summarizing and analyzing the transactions. The financial statements which are prepared in accounting contain a summary of the various transactions that took place within a certain accounting period. Book-keeping or accounting is one of the most important activities of any business.