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Which of the following is not true of cash budget ?

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Which of the following is not true of cash budget ?

 Options:

A. Cash budget indicates timings of short-term borrowing
B. Cash budget is based on accrual concept
C. Cash budget is based on cash flow concept
D. Repayment of principal amount of law is shown in cash budget

 

The Correct Answer Is:

  • B. Cash budget is based on accrual concept

 

Conclusion

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