Cash Budgeting Is Important to Which of the Following
The sum of money so kept in hand generally termed as petty cash and book in which the petty cash expenditures are recorded is termed as petty cash book. In large business houses the cashier has to handle every day a large number of receipts and payments and if in addition to this he is further saddled with petty cash payments his position becomes embarrassing.
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The budgeting process lets an organization plan and prepare its budgets for a set period.
. It involves reviewing past budgets identifying and forecasting revenue for the coming period and assigning amounts to spend on a companys various costs. The budgeting process. Without a budget it is nearly impossible to know where you stand financially.
A budget will give you full control over your finances and allow you to track your income spending savings and investing each month. Financial performance measures how well a firm uses assets from operations and generates revenues. Read how to analyze financial performance before investing.
Creating a budget is a critical step in reaching your financial goals.
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