a Word document where you answer the following premises (use the questions as a guide for your written work):
1. What is budgeting?
2. How does budgeting help in decision making?
3. What are the main benefits of budgeting?
4. Distinguish between master budget and sales projections.
5. What is the first budget that is prepared when making a master budget?
6. Identify the three sections in the cash budget.