Purpose of a Budget (Grade 11 NSC Matric Accounting): Quizzes
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Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does a cash budget specifically focus on?
What does a cash budget specifically focus on?
Cash transactions only
Why might a profitable business still run out of cash?
Why might a profitable business still run out of cash?
Timing of cash movements
Which budget purpose helps prevent a business from overspending?
Which budget purpose helps prevent a business from overspending?
Staying within financial limits
How do budgets help identify risks?
How do budgets help identify risks?
By planning and spotting problems early
Which budget purpose helps secure loans or investments?
Which budget purpose helps secure loans or investments?
Finding funding when necessary
Which item is a cash receipt?
Which item is a cash receipt?
Debtors collection
Which item is a cash payment?
Which item is a cash payment?
Payments to creditors
Why is depreciation excluded from cash budgets?
Why is depreciation excluded from cash budgets?
No actual money leaves the business
Which non-cash item never appears in a cash budget?
Which non-cash item never appears in a cash budget?
Bad debts
What are the two main sections of a cash budget?
What are the two main sections of a cash budget?
Receipts and payments