Cash Disbursement Budgets

question 15

Multiple Choice

Cash disbursement budgets:

• A) Are prepared to facilitate the preparation of government-wide financial statements.
• B) Are usually prepared for each month of the year, or for shorter intervals, in order to facilitate planning short-term borrowings and investments.
• C) Are prepared only for funds not required to operate under legal appropriation budgets.
• D) Are prepared only for each fiscal year because disbursements for each month are approximately equal.

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