Asked by DeAnna Schmidt on Jun 05, 2024
Verified
Provide a definition for the term cash budget.
Cash Budget
An estimation of cash inflows and outflows over a specific period, used to manage and plan for any potential surplus or deficit in cash.
- Describe the principles of cash flow and cash budget, underlining their essential roles in managing finances.
Verified Answer
SD
STEVEN DJAJAJun 11, 2024
Final Answer :
A forecast of cash receipts and disbursements for the next planning period.
Learning Objectives
- Describe the principles of cash flow and cash budget, underlining their essential roles in managing finances.