Question
Cash Budget Purpose: To compare projected an actual spending for a one- (or three-) month period. Instructions: Estimate projected spending based on your cash flow
Cash Budget
Purpose: To compare projected an actual spending for a one- (or three-) month period.
Instructions: Estimate projected spending based on your cash flow statement and maintain records for actual spending for these same budget categories.
Budgeted amounts
Actual
Income
dollar
percent
amounts
Variance
Salary
7890
100%
Other____________
Total income
7890
100%
Expenses
Fixed expenses
Mortgage or rent
4000
50%
Property taxes
300
4
Loan payments
248
3
Insurance
500
6
Other____________
Total fixed expenses
5,048
63
Emergency fund/savings
Emergency fund
400
5
Savings for studies_
280
3
Savings for car____
180
2
Total savings
860
11
Variable expenses
Food
70
1
Utilities
68
1
Clothing
65
1
Transportation costs
30
1
Personal care
80
1
Medical and health care
20
1
Entertainment
100
1
Education
1600
20
Gifts/donations
45
1
Miscellaneous
28
1
Other____________
Other____________
Total variable expenses
2,106
26
Total expenses
8,014
100%
Cash Budget
Purpose: To compare projected an actual spending for a one- (or three-) month period.
Instructions: Estimate projected spending based on your cash flow statement and maintain records for actual spending for these same budget categories.
Budgeted amounts
Actual
Income
dollar
percent
amounts
Variance
Salary
7890
100%
Other____________
Total income
7890
100%
Expenses
Fixed expenses
Mortgage or rent
4000
50%
Property taxes
300
4
Loan payments
248
3
Insurance
500
6
Other____________
Total fixed expenses
5,048
63
Emergency fund/savings
Emergency fund
400
5
Savings for studies_
280
3
Savings for car____
180
2
Total savings
860
11
Variable expenses
Food
70
1
Utilities
68
1
Clothing
65
1
Transportation costs
30
1
Personal care
80
1
Medical and health care
20
1
Entertainment
100
1
Education
1600
20
Gifts/donations
45
1
Miscellaneous
28
1
Other____________
Other____________
Total variable expenses
2,106
26
Total expenses
8,014
100%
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Accounting
Authors: Charles T Horngren, Walter T Harrison
9th Edition
132959674, 978-0132569057
