Fill in the blanks. 1. The cash budget serves two purposes. First, it shows the ending _________, which is needed to complete the __________. Second, it highlights period's excess cash reserves or cash shortages. 2. A projection of cash receipts and cash payments for a future period of time is called a(n) ______________. 3. Since the __________ is a summary of all expected transactions for a
future time period, it also must be the key to all expected cash transactions. 4. The _________________________ oversees each stage in the preparation of the _______________ budget, decides any departmental disputes that may rise in the process, and gives final approval to the budget.
Fill in the blank(s) with correct word
1. cash balance; budgeted balance sheet
2. cash budget
3. master budget
4. budget committee; master
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