Under Balance Sheet Method of preparing cash budget, budget is prepared on the basis of :

CS Executive · Cost and Management Accounting · PYQS · December 2018
Under Balance Sheet Method of preparing cash budget, budget is prepared on the basis of :
(A) Current year balance sheet
(B) Previous year balance sheet
(C) Forecasted balance sheet
(D) Consolidated balance sheet

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Budgetary Control

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