A-LevelAccountingBudgeting and budgetary control9706/12 · May/June 2015 · Q301 Mark

Which statement about a cash budget is correct?

AIt includes credit sales and discount allowed.

BIt includes credit sales but excludes discount allowed.

CIt includes receipts from debtors and discount allowed.

DIt includes receipts from debtors but excludes discount allowed.

✓ Correct answer

D: It includes receipts from debtors but excludes discount allowed.

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About this question

Topic: Budgeting and budgetary control, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2015 Paper 1 Variant 2, question 30.

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