Spintex Ltd Income Statement for the year ended 30 June Statement of Financial Position as at 30 June 1- Briefly describe five (5) stages in a typical budgetary process for a company with departments. Which of the following are characteristics of a Cash Budget? 1. It shows the inflows and outflows of cash over a period 2. It records the profit of the company over a period 3. It shows the profit at the end of each month 4. It shows the cash balance at the end of each month Select one: A. 2 and 3 only B. 1 and 4 only C. 1 and 3 only D. 1,2 , and 3 only