3 years ago

LO 7.3Which is not a section of the cash budget?

Business

1 answer:

Bad White [126]3 years ago

8 0

Answer:

allowance for uncollectible accounts

Explanation:

The cash budget represents the cash inflow and cash outflow position with respect of cash receipts and cash payments i.e cash disbursement plus it also involves financing needs i.e how much amount is to be borrowed

But it does not involve the allowance for uncollectible accounts as it is not shown in the cash budget because it is shown under the debtors side with the negative amount of the balance sheet

Assets

Current Assets

Account receivable XXXXX

Less: Allowance for uncollectible accounts XXXXX

Net account receivable XXXXX

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