ECONOMICS

Detailed explanation-1: -Cash budget is based on the cash concept, hence all the cash receipts and payments are considered irrespective of the period.

Detailed explanation-2: -Cash collection is the total amount of your cash receipts for the accounting period. A cash collection statement of cash flow classifies these cash receipts according to the nature of your business activities. The different sources of cash inflows are identifiable to operating, financing and investing activities.

Detailed explanation-3: -Cash flow is a measure of how much cash a business brought in or spent in total over a period of time. Cash flow is typically broken down into cash flow from operating activities, investing activities, and financing activities on the statement of cash flows, a common financial statement.

Detailed explanation-4: -A cash flow budget is all about tracking the timing of your income and expenses to make sure you have enough from week to week. Before you can build a cash flow budget, you will need to track your income, resources, and expenses for at least one month.