A capital budget is aperiodic business plan that includes a coordinated set of detailed operatingschedules and financial statements.
举一反三
- The financial budgets of a nonmanufacturingcompany include the capital budget, thecash budget, and the budgeted balance sheet.
- For every business, which of the following is not included in the three important financial statements.
- The length of time covered by a set of periodic financial statements is referred to as the____ A: Fiscal cycle. B: Natural business year. C: Accounting period. D: Business cycle.
- Which of the following statements is a description of the accounting concept of materiality? A: Financial statements are prepared assuming the business will continue for the foreseeable future. B: An item that is omitted or incorrect would affect users' decisions based on the financial statements. C: Profits and income are recognised with caution, losses and expenses are recognised as soon as known. D: The business and its owner are separate accounting entities.
- All of the following are financial budgets except: A: the budgeted balance sheet B: the capital budget C: the cash budget D: the budgeted income statement