10. You are a staff accountant for Baby Wonders Day Care Centre. It is now December, an Mannings, principal, has estimated the cash receipts and cash payments for the co the next three months. He asked you to complete the cash budget. DIRECTIONS c. Complete the cash budget below Description Receipts: Fundraising School fees Total Receipts Payments: Wages Rent Insurance Telephone Utilities Taxes Equipment Supplies Other Total Payments February January 12600 17600 8300 11800 950 500 620 2150 1150 1200 11500 15800 March 12300 1800 950 500 320 2150 1600 1200 1250 10200 14200 12300 1800 Total 950 500 340 3150 512 1200

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Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.