A cash budget has value only if you use it, and you keep careful records of actual income and expenses.

Question

Quizplus · Accepted Answer

A cash budget is a tool for planning and controlling your financial resources. It only becomes valuable when it is actively used to guide financial decisions and when actual income and expenses are meticulously recorded to compare against budgeted amounts, allowing for adjustments and better financial management.

A Cash Budget Has Value Only If You Use It