Other questions in this quiz

2. Approaches to generating and managing budgets:

  • Top up & Bottom down (Departmental budgeting)
  • Left down & Bottom up (Departmental budgeting)
  • Top down & Bottom up (Departmental budgeting)
  • Top up & Bottom down (Departmental expenditure)

3. Inventories budget includes (down vertical axis):

  • Opening balance; Purchases : Inventories used: Closing balance
  • Cash balance; Purchases : Inventories used: Closing balance
  • Bank over draft; Purchases : Inventories used: Closing balance

4. Accounting Rate of Return (ARR) =

  • Av. annual operating profit / av. investment to earn that profit x100
  • Average annual investment = cost of initial investment + disposal value /2
  • Average annual profit = total profit over life of investment/ number of years of investment

5. Horizontal axis

  • Months; total
  • Sub headings
  • Price

Comments

No comments have yet been made

Similar Accounting resources:

See all Accounting resources »See all Cash budget resources »