Which of the following statements is not correct concerning, Ask an Expert

Accounting

Which of the following statements is NOT correct concerning the Cash Budget?

A. It is not necessary to prepare any other budgets before preparing the Cash Budget. 100%

B. The Cash Budget should be prepared before the Budgeted Income Statement.

C. The Cash Budget should be prepared before the Budgeted Balance Sheet.

D. The Cash Budget builds on earlier budgets and schedules as well as additional data.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9432083

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