The section of the cash budget that consists of the beginning cash balance and the expected cash receipts is called the:a. total cash available section.b. cash balance section.c. cash excess or deficiency section.d. cash financing section.
A
The section of the cash budget that consists of the beginning cash balance and the expected cash receipts is called the “total cash available section.” This section shows the total amount of cash that a business will have available to spend during the budget period. The beginning cash balance is the amount of cash a business has as of the beginning of the budget period, while the expected cash receipts are the estimated amounts of cash that the business anticipates receiving during the budget period. By adding these two figures, the business can determine the total cash available for spending during the budget period.
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