In a Business Plan,the Key Statement in the Financial Plan

question 47

Multiple Choice

In a business plan,the key statement in the financial plan is the

• A)break-even analysis.
• B)estimate of returns and allowances.
• C)salary expense statement.
• D)cash flow statement.

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Definitions:

Cash Recorded

Cash recorded refers to the recording of cash transactions in the financial ledgers and accounts of a business, providing a trackable record of all cash movements.

Cash Payments Journal

A financial journal that tracks all cash outlays of a business, including expenses, asset purchases, and debt repayments.

Cash Purchase

This term refers to a transaction where goods or services are bought and paid for with cash or cash equivalent immediately at the point of sale.

Supplies Recorded

This refers to the accounting practice of recognizing and recording office or operational supplies as expenses when they are used.