Question

Generally speaking, using a ______ year's history of cash receipts and disbursements will be a satisfactory basis for projecting the future. Part of a year or full year

Answer 1

The answer is FULL
By collecting full year's history of cash, we could determine the amount of expense that company might need to continue the operation in the future.
This projection is made on the assumption that the company won't make any major change on its way of operation in next year's period.

Answer 2

Generally speaking, using a FULL year's history of cash receipts and disbursements will be a satisfactory basis for projecting the future.

Explanation:

Though a rough projection can be made in half year's data as well, but a good and solid projection can be made using full year's data. Almost all business run for a full year, so its good to project on an yearly basis. Like in this particular year the profits are this much, so we can project that in the next year we can see a higher profit.