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Which of the following statements are not true about Projected Balance Sheet Method?

A. It is good for long-term

B. It is appropriate for annual cash forecast

C. It is of extreme use for planning and control

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above