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FNSACC412 Questions On Prepare Operational Budgets - Budgeted financial statements

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Topic 4 - Activities

Question 12
Which of the following budget scenarios is preferable?

  1. Cash budget (GST-exclusive) and expense budget (GST-exclusive)
  2. Cash budget (GST inclusive) and expense budget (GST-exclusive)
  3. Cash budget (GST-exclusive) and expense budget (GST-inclusive)
  4. Cash budget (GST-inclusive) and expense budget (GST-inclusive)

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