The cash receipts are added in to beginning cash balance to calculate __________?
Correct answer: B. total cash available
- A. total goods manufactured
- B. total cash available
- C. total revenue
- D. total goods soldAccounting & Auditing
Explanation
Beginning cash plus expected cash receipts gives total cash available before cash payments are deducted. This figure is used in preparing the cash budget and is not a measure of revenue or goods produced.
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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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