The budget, which predicts the effect of given level of operations on a cash position is classified as __________?
Correct answer: D. cash budgetCompare Credit Cards
- A. market budget
- B. price schedule
- C. planned schedule
- D. cash budgetCompare Credit Cards
Explanation
A cash budget forecasts expected cash receipts, cash payments, and the resulting cash position for a planned operating level. The other options do not specifically track cash flows.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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