What is a cash budget? What are the usual steps involved in preparing
QUESTION
What is a cash budget? What are the usual steps involved in preparing a cash budget?
. Tally up the total amount of such expenditures made on a weekly or monthly basis, and average them out over the period you are considering. . Determine whether any payments currently being made with cash should be made with a more formal payment system. . Decide whether you want your budget to simply track your expenses, or if you want to set a hard limit on the amount of money spent from the cash drawer.
ANSWER:
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