Which of the following is not true of the cash budget?
A. The shortage or excess of cash would appear in a particular period
B. All inflows would arise before outflows for those periods
C. Only revenue nature cash flows are shown
D. Proceeds from issue of share capital is shown as an inflow
Answer: Option C
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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