The total amount of cash collections from customers appears on the ________.
A)sales budget
B)operating expense budget
C)cash budget
D)budgeted balance sheet

Question

Quizplus · Accepted Answer

The cash budget shows the projected inflows and outflows of cash during a specific period. Cash collections from customers would be considered an inflow of cash and would be included in the cash budget. The sales budget shows projected sales revenue, but does not necessarily include the collection of cash from customers. The operating expense budget shows projected expenses, but again does not include cash collections from customers. The budgeted balance sheet shows projected assets, liabilities, and equity at a specific point in time, but does not necessarily include cash collections from customers.

The Total Amount of Cash Collections from Customers Appears on the ________