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Describe Financial budgets
Financial budgets: financial budgets are concerned with cash receipts and disbursements working capital expenditure financial position and business operations. The commonly used financial budgets are:
Cash budget
Working capital budget
Capital expenditure budget
Income statement budget
Statement of retained earnings budget
Budgeted balance sheet or position statement budget
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Recommend whether marginal or absorption costing should be use for internal monthly reporting
State Factors determining Working Capital requirement.
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