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Q. Define the Cash Budget?
Cash Budget: - A cash budget is an estimation of cash receipts and cash payments for a future period of time. It is prepared to predict the cash requirements for a given period and indicates the surplus or shortage of cash during the budget period. There are two division of cash budget:
By estimating the cash receipts as well as cash payments for a future period it can be estimated that in which months there will be surplus cash and in which months there will be deficiency of cash resources.
Question 1 State the key functions of the financial market. Question 2 Define "Bill of exchange". What are its features? Give different types of cheques. Question 3
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