When preparing a budgeted balance sheet,the balance in the cash account is found on the ________.
A) sales budget
B) cash budget
C) operating expense budget
D) capital budget

Question

Quizplus · Accepted Answer

The balance in the cash account is found on the cash budget, as this budget outlines the expected inflows and outflows of cash during the budget period, and thus shows the expected ending balance in the cash account. The sales budget projects expected sales, the operating expense budget outlines expected expenses, and the capital budget outlines planned investments in long-term assets.

When Preparing a Budgeted Balance Sheet,the Balance in the Cash