MCQOPTIONS
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| 1. |
Which of the following is not true of cash budget ? |
| 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. |
| Answer» C. Cash budget is based on cash flow concept | |