Match each phrase that follows with the term it describes. 1. Budget 2. Capital
ID: 2523821 • Letter: M
Question
Match each phrase that follows with the term it describes.
1. Budget
2. Capital expenditures budget
3. Sales budget
4. Production budget
5. Cash budget
6. Budgeted balance sheet
A. an accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period
B.plans an important role for organizations in planning, directing, and controlling a company's future goals
C. a plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process
D. a plan that lists dollar amounts to be both spent on purchasing additional pant assets to carry out the budgeted business activities
E. a plan showing the number of units to be produced each month
F. a plan that shows the expected cash inflows and outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans
Explanation / Answer
Match 1. Budget: B. Plans an important role of organnisation in planning, organising, etc. 2. Capital expenditure budget: D. A Plan that list dollar amount to be both spent on purchasing additional plant 3. Sales Budget: C. a plan showing unit of goods sold and sales value to be derived. 4. Production Budget: E. A plan showing gthe numberr of units produced each month 5. cash budget F. A plant that showws expected inflow and outflows during the month 6. Budgeted balancne sheet A. An accounting report that describes predicted amount of assets, liabilities and equity.