Overview of 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 are budgets primarily used for in business management?
What are budgets primarily used for in business management?
Planning and control
What is the main budget in a business?
What is the main budget in a business?
A summary bringing together all functional budgets
Functional budgets are divided into which two categories?
Functional budgets are divided into which two categories?
Operational budgets and financial budgets
Why is the sales budget the most important part of the profit budget?
Why is the sales budget the most important part of the profit budget?
Because sales drive everything else in the business
What does the profit budget combine?
What does the profit budget combine?
Income and expense budgets
What does the capital budget show?
What does the capital budget show?
Expected future spending on fixed assets
What is the budgeted balance sheet?
What is the budgeted balance sheet?
The sum of all other budgets
What are the three main sections of a cash budget?
What are the three main sections of a cash budget?
Inflow, outflow, and surplus/shortage
When does a credit sale appear in the cash budget?
When does a credit sale appear in the cash budget?
When the customer actually pays
Which item never appears in a cash budget?
Which item never appears in a cash budget?
Depreciation