Which of the following is NOT an element of the cash budget?
A) Cash receipts
B) Cash disbursements
C) Depreciation expense
D) New financing needed

Name: Which of the following is NOT an element of the cash budget? A) Cash receipts B) Cash disbursements C) Depreciation expense D) New financing needed
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Question

Quizplus · Accepted Answer

Depreciation expense is a non-cash expense and does not involve the actual inflow or outflow of cash. It is considered in the income statement and affects net income, but it is not a cash budget item.

Which of the Following Is NOT an Element of the Cash