Final answer:
The item not appearing on a cash budget is b. expected credit sales, as this budget focuses on actual cash flows and credit sales do not result in immediate cash transactions.
Step-by-step explanation:
The item that will not appear on a cash budget is expected credit sales. A cash budget primarily focuses on actual cash flows, which includes all transactions that directly impact cash. This budget reflects cash inflows such as expected cash collections, and outflows like expected cash payments, as well as financing activities that would affect the company's cash position. However, expected credit sales do not involve immediate cash transactions and instead become accounts receivables, which are recorded separately from the cash budget.