Question

The difference between the budgeted amounts of Sales and Cash Received for sales is equal to the budgeted change in: Select one: A. Accounts Receivable B. Accounts Payable C. Cash D. Retained Earnings E. None of the Above

Answer 1

A. Accounts Receivable

Step-by-step explanation:

The difference between the Sales and Cash Received during a particular period, presents the balance in Accounts Receivable as at that period. This shows that some sales were made on account.