Other questions in this quiz

2. Approaches to generating and managing budgets:

  • Top up & Bottom down (Departmental expenditure)
  • Top down & Bottom up (Departmental budgeting)
  • Left down & Bottom up (Departmental budgeting)
  • Top up & Bottom down (Departmental budgeting)

3. Headings along top horizontal axis of a CASH BUDGET

  • Company name
  • Months
  • Titles of expenses

4. Under Net (At bottom of cash budget)

  • Cash balance B/f = Brought forward; Cash balance c/f = Closing figure
  • Nothing

5. Inventories budget includes (down vertical axis):

  • Bank over draft; Purchases : Inventories used: Closing balance
  • Opening balance; Purchases : Inventories used: Closing balance
  • Cash balance; Purchases : Inventories used: Closing balance

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