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if a cash budget is prepared by quarter, the beginning cash balance for the year is the same as the beginning cash balance for the quarter and the ending cash balance for the year is the same as the ending cash for the

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Lanuel

If a cash budget is prepared by quarter, the beginning cash balance for the year is the same as the beginning cash balance for the first quarter and the ending cash balance for the year is the same as the ending cash for the fourth quarter.

What is a budget?

A budget is a financial plan that is typically used for the estimation of revenue and expenditures of an individual, business organization or government for a specified period of time, often one (1) year.

The types of budget.

Generally speaking, there are different types of budget and this include the following:

  • Master budget
  • Production budget
  • Sales budget
  • Flexible budget
  • Static budget
  • Cash budget

In conclusion, a cash budget is typically prepared towards the end of a master budget process or on a quarterly basis.

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Complete Question:

If a cash budget is prepared by quarter, the beginning cash balance for the year is the same as the beginning cash balance for the _____ quarter and the ending cash balance for the year is the same as the ending cash for the _____.

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