Concept explainers
A cash budget is the budget which shows the estimated receipts and payment of cash of a company. It has three sections which are; cash receipts, cash payment and financing section.
Schedule of cash receipts:
A schedule of cash receipts is expected inflows of cash from the customers on sales during budgeted period.
Schedule of cash payments:
A schedule cash payment is concerned with the expected outflow of cash from a company for expenses like purchase of direct materials, direct labors, manufacturing expenses, interest or dividend payment and etc.
:
Complete the cash budget for first quarter.
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Horngren's Accounting: The Managerial Chapters, Student Value Edition Plus Mylab Accounting With Pearson Etext - Access Card Package (12th Edition)
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