A cash budget will have value only if it is actually used and:
A)records of actual income and expenses are kept.
B)spending never deviates from the budgeted amount.
C)it reflects actual financial position.
D)it takes into account only credit transactions.
E)all liabilities are paid.

Question

Quizplus · Accepted Answer

Keeping records of actual income and expenses allows for comparison with the budget, ensuring it is used effectively to manage finances.

A Cash Budget Will Have Value Only If It Is