The schedule of expected disbursements and cash receipts is considered as __________?
Correct answer: B. cash budget
- A. planned schedule
- B. cash budget
- C. market budget
- D. price schedule
Explanation
A cash budget summarizes expected cash receipts and cash disbursements for a future period, helping management anticipate shortages or surpluses. A planned or price schedule does not specifically track cash movements.
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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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