To Communicate Budget Procedures and Deadlines to Employees Throughout the Organisation

question 18

Multiple Choice

To communicate budget procedures and deadlines to employees throughout the organisation, the manager responsible for managing the budget often develops and disseminates a

• A) budget manual.
• B) sales forecast.
• C) memorandum.
• D) budget schedule.

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Definitions:

Credit Customer

A customer who purchases goods or services on credit, agreeing to pay the seller at a later date.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Credit to Cash

A transfer or accounting entry that increases the cash balance while simultaneously increasing a corresponding credit account.

Art Studio

A creative space where artists create, display, and sometimes sell their artworks.