Q. 5. Explain the difference between cash flow statement and
cash budget. (Any four)
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Explanation:
A cash budget is futuristic in approach. It is prepared on the basis of future plan of action & in advance. On the other hand, a cash flow statement is prepared on the basis of past data. A cash budget relates with the objectives that are to be achieved & is a plan for inflows of cash & outflows of cash.
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