The Cash Budget Is Based on the ________ Method of Accounting

question 48

Multiple Choice

The cash budget is based on the ________ method of accounting.

• A)cash
• B)financial
• C)accrual
• D)hybrid

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Definitions:

Annual Revenue

The total income generated by a business over a one-year period from its normal business operations.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Non-food Items

Refers to products not intended for human consumption, such as clothing, electronics, and household goods.

Warehouse Store

A retail store, typically of large size, offering a wide variety of goods stored in bulk and sold at lower prices, usually requiring membership for shopping.