When preparing a budget, A.GST is a necessary cost of doing business B.GST is only necessary for income items as this is remitted to the ATO C.GST needs to be factor as generally the amount owing to the ATO is greater than what the ATO owes D.GST is levied on all items of a business

Q: In budgeting cash, cash disbursements include payments to employees and suppliers as well as for…

A: CASH BUDGET Cash Budget is a detailed budget of cash income and cash expenditure incorporating both…

Q: What is a cash budget, and how is this statementused by a business? How is the cash budget affected…

A:

Q: Which one of the following will appear in the cash budget but not in the budgeted statement of…

A: The cash budget is a financial statement that shows the expected cash inflows and outflows of a…

Q: List the three key benefits companies get from preparing a budget. The budget allows managers to be…

A: An estimate of income and expenditure for a set period of time is called budget.

Q: A cash flow budget can be used to   A.    estimate when and how much money will need to be borrowed…

A: Option d is correct.

Q: These statements are proper to the budgeting process except A It is part of management's…

A: Budgeting is a crucial process in the management of any organization, whether it is a small business…

Q: T F A capital budget estimates a firm’s expendituresfor labor costs and other monthly expenses.

A: Company evaluates the worth of the new investment projects by using techniques like NPV, IRR, PW,…

Q: Financial Accounting and Cost Management Classify each of the following actions as either being…

A: Financial Accounting systems are systems related with preparation of financial statements like…

Q: Which of the following expenses would not appear on a selling and administrative expense budget?…

A: Selling and Administrative expense budget deals with all non-manufacturing expenses incurred in the…

Q: When a company develops and implements a master budget, there is a tendency to incentivize adherence…

A: In accounting master budget is a very important financial planning document.   Essentially a master…

Q: While the operating budgets reflect the operating activities of the company, the financial budgets…

A: Cash Flow Statement - Cash Flow Statement includes three major activities like operating, Investing…

Q: or manufacturing company, the budgeted income statement is a cash basis income statement.

A: Budgeted income statement consider all the source of revenue and anticipated income and expenditure…

Q: In your own words, Define the following terms they relate to spending budgeted dollars obligated…

A: Answer:-  Budget meaning:- Governments, companies etc. use budgets to estimate their income and…

Q: Activity-based budgeting is a system that recorded and analyses activities that lead to costs of the…

A: Activity based costing is that costing method in which we record those activities that incur cost.…

Q: he amount of accumulated depreciation fo O A. cash payments for selling and admi

A: The accumulated depreciation is the sum of the total depreciation expense incurred on a particular…

Q: Responsibility accounting means that a manager should be held responsible for those items in the…

A: SOLUTION- RESPONSIBILITY ACCOUNTING  IS A KIND OF MANAGEMENT ACCOUNTING THAT IS ACCOUNTABLE FOR ALL…