Budgeting (Grade 10 NSC Matric Accounting): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the primary purpose of a cash budget?
What is the primary purpose of a cash budget?
Forecasting future cash position
Why does January typically have poor cash flow compared to December?
Why does January typically have poor cash flow compared to December?
Customers have less money after holidays
How many main sections does a cash budget consist of?
How many main sections does a cash budget consist of?
Three sections
Which item appears in the cash receipts section?
Which item appears in the cash receipts section?
Collections from debtors
Which expense appears in the cash payments section?
Which expense appears in the cash payments section?
Interest on loans and overdrafts
Which item does NOT appear in a cash budget?
Which item does NOT appear in a cash budget?
Depreciation
Why do bad debts recovered appear in a cash budget while bad debts do not?
Why do bad debts recovered appear in a cash budget while bad debts do not?
Bad debts recovered involve cash received
How is the monthly cash surplus or deficit calculated?
How is the monthly cash surplus or deficit calculated?
Cash receipts minus cash payments
What becomes the opening balance for the next month?
What becomes the opening balance for the next month?
Closing balance of current month
When does an electricity bill appear in a cash budget?
When does an electricity bill appear in a cash budget?
When the bill is actually paid