ICSE BoardEnglish MediumSTD 10Commercial StudiesBUDGETING2 Marks
Question
Distinguish between Cash budget and Cash flow statement.
✓
Answer
(i) A cash budget is a scientific estimate of cash receipts and cash payments during a specific time period in future. On the other hand, a cash flow statement is a statement of cash receipts and cash payments during a specific time period in the past. (ii) A cash budget contains estimates while a cash flow statement contains actual amounts.
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