If a cash budget is prepared by quarter, the beginning cash balance for the year is the same as the beginning cash balance for the quarter and the ending cash balance for the year is the same as the ending cash for the quarter. (Enter your answers as 1st, 2nd, 3rd or 4th.)
Question
If a cash budget is prepared by quarter, the beginning cash balance for the year is the same as the beginning cash balance for the quarter and the ending cash balance for the year is the same as the ending cash for the quarter. (Enter your answers as 1st, 2nd, 3rd or 4th.)
Solution
The beginning cash balance for the year is the same as the beginning cash balance for the 1st quarter. The ending cash balance for the year is the same as the ending cash balance for the 4th quarter.
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