Budgets Flashcards
1
Q
Cash budgets
A
A forecast of cash receipts and cash payments
2
Q
Projected Income Statement
A
A forecast of income and expenses
3
Q
Debtors’ collection schedule
A
A schedule (plan) of how the business will collect money from its debtors
4
Q
Creditors’ payment schedule
A
A schedule (plan) of how the business will pay its creditors
