The master budget diagram shows the sales budget affecting the income statement and the cash budget. But many times the effect on the cash budget is different from that on the income statement. Why...

The master budget diagram shows the sales budget affecting the income statement and the cash budget. But many times the effect on the cash budget is different from that on the income statement. Why would that be true? (Hint: Think about the journal entries that would be used to record sales.)



May 26, 2022
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