COST ACCOUNTING
THE MASTER BUDGET
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following items are not included in a cash budget?
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Gain on sale of asset
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Cash sales
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Payment received from debtors
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Interest received from the bank
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Explanation:
Detailed explanation-1: -b) Cash budget does not include depreciation and credit sales.
Detailed explanation-2: -The cash budget represents a detailed plan of future cash flows and is composed of four elements: cash receipts, cash disbursements, net change in cash for the period, and new financing needed.
Detailed explanation-3: -Answer and Explanation: The correct answer to the given question is option (a) Depreciation expense.
There is 1 question to complete.