Capital Budgeting MCQs

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on March 25, 2022

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Frequently Asked Questions

What is a cash budget?

A cash budget is a financial plan that shows how much cash your business will have over a specific period. It includes all of your expected income and expenses for the period, as well as any projected changes in your account balances.

How often should I update my cash budget?

A cash budget is important because it helps you track your Cash Flow and make sure you have enough money to cover your expenses. It can also help you identify areas where you may need to tighten your belt or find new sources of revenue.

How often should I update my cash budget?

How often should I update my cash budget?

What should I include in my cash budget?

Your cash budget should include all of your expected income and expenses for the period, as well as any projected changes in your account balances. It’s important to be as accurate as possible when creating your budget, so you may want to consult with your accountant or financial advisor.

How do I use my cash budget?

Once you have created your cash budget, you can use it to track your actual income and expenses against your projections. This will help you identify any discrepancies and make necessary adjustments. You can also use your cash budget to help you make future business plans and forecast your financial needs.

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

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