………budget gives an estimate of the anticipated receipts and payment of cash during the budget period.

Related MCQs

• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• The budget prepared to estimate the research and development expenditure to be incurred during a specific period is .
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• The budget prepared to estimate the expenditure to be incurred for planning, organizing, direction and control function of the management is .
• The budget prepared to estimate expenditure to be incurred to sell the product and its distribution is .
• The budget prepared to estimate the expenditure on fixed assets is known as.
• Where actual loss in a process is less than the anticipated loss, the difference between the two is considered to be ………………..
• The budget which shows the budgeted quantity of output to be produced during a specific period is.
• …………………budget is the most important budget and it forms the basis on which all the other budgets are built up.
• Material budget consists of two parts, one is the consumption budget and another Is .