Budgeting
Budget- projection/ plan for the future generation and expenditure of money in the business.
Cash budget- shows the anticipated inflow and outflow of cash in the business (predicting bank balance)
Only deals with receipts and payments, actual cash coming into and out of the business
Bad debts and depreciation are non-cash expenses
Zero base budget- budget started from scratch, does not consider past outflow and inflow of cash to determine future inflow and outflow from the business
Capital budget - a projection of when and from where the business will receive a capital injection
Long term budget - prediction of the finances of the business, usually after 20 years, or even 20 years
Medium-term budget - a budget that will predict the finances of the business in 5 years or more
References
Anon., 2007. The Answer series: Grade 11 Accounting. 2007 ed. Cape Town: The Answer.
Anon., 2019. Investopedia. [Online]. Available at: https://www.investopedia.com/ [Accessed 3 October 2019].
Doctor, K., 2015. FLIPHTML5. [Online]. Available at: http://fliphtml5.com/fkul/mgtf/basic [Accessed 1 October 2019].
T Hall, D. W. P. S. A. A. P. G. P. F., 2017. Accounting Study Guide. 2016 ed. Musgrave: New Generation Publishers .
Neha Pillay (2019)
-
Grade 10
- Oct 3, 2020 Budgeting
- Oct 3, 2020 Cost Accounting
- Oct 3, 2020 Value Added Tax (VAT)
- Oct 3, 2020 Financial Statements Analysis
- Oct 3, 2020 Year End Adjustments
- Oct 3, 2020 Closing Transfers
- Oct 3, 2020 Salaries and Wages
- Oct 3, 2020 Financial Statements
- Oct 2, 2020 General Ledger
- Oct 2, 2020 General Journal
- Oct 2, 2020 Creditor's Allowances Journal
- Oct 2, 2020 Creditor's Journal
- Oct 2, 2020 Debtor's Allowances Journal
- Oct 2, 2020 Debtor's Journal
- Oct 2, 2020 Petty Cash Journal
- Oct 2, 2020 Cash Payments Journal
- Oct 2, 2020 Creditor's Ledger
- Oct 2, 2020 Debtor's Ledger
- Oct 2, 2020 Trial Balance
- Oct 2, 2020 Cash Receipts Journal
- Oct 2, 2020 Financial vs Managerial Accounting
- Oct 2, 2020 Accounting Equation
- Oct 2, 2020 Assets, Liabilities and Owner's Equity
- Oct 2, 2020 Accounting Cycle
- Oct 2, 2020 Accounting concepts of a sole trader
- Oct 2, 2020 Internal Control
- Oct 2, 2020 Accounting Principals
- Oct 2, 2020 Indigenous/Informal Accounting systems