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6. Under Net (At bottom of cash budget)
- Cash balance B/f = Brought forward; Cash balance c/f = Closing figure
- Nothing
7. Horizontal axis
- Price
- Months; total
- Sub headings
8. Bottom up / participative budgeting approach to managing budgets:
- is a lie
- involves the participation of the work force who then submits the budgets to their superiors
- involves senior management laying down the budget with little or no employee involvement
9. Two subheadings (Vertical axis)
- Reciepts; Payments
- Payments; Revenue
- Profit: payments
10. Headings along top horizontal axis of a CASH BUDGET
- Months
- Titles of expenses
- Company name
11. Advice regarding expected cash flows:
- Increase overdraft facility; spread costs of van; increase sales margin; source cheaper supply
- Decrease overdraft facility
12. Approaches to generating and managing budgets:
- Top up & Bottom down (Departmental expenditure)
- Top down & Bottom up (Departmental budgeting)
- Left down & Bottom up (Departmental budgeting)
- Top up & Bottom down (Departmental budgeting)
13. Inventories budget includes (down vertical axis):
- Bank over draft; Purchases : Inventories used: Closing balance
- Opening balance; Purchases : Inventories used: Closing balance
- Cash balance; Purchases : Inventories used: Closing balance
14. MASTER BUDGET includes:
- Forecast Income Statement; Forecast SOFP; Cash flow forecast
- Forecast Income Statement;Cash flow forecast
- Cash flow forecast