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Preparing CFS-Indirect Method

is an example...

Question

__________ is an example of short-term budget.

A

Cash budget

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B

Capital expenditure budget

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C

Material budget

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D

Both A and C

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Solution

The correct option is D Both A and C
Cash budget and material budget are prepared for a particular period of time. Once the period is over, the budget does not have any value. Hence these are called short term budget.

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Similar questions

Q. Short answer type questions:
Distinguish between Revenue Expenditure and Capital Expenditure in a government budget. Give examples.

Q. A short term cash budget does not exhibit ______________.

Q. What is the difference between "vote-on-account" and "interim budget"?
1. The provision of a "vote-on-account" is used by a regular Government, while an "interim budget" is a provision used by a caretaker Government.
2. A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts.
Which of the statements given above is/are correct?

Q. Treating a revenue expense as a capital expenditure is an example of __________.

Q. Cash Budget is a ________ budget.

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