A schedule of cash receipts is often prepared in conjunction with the sales budget.

True or False?

The given statement is false

Explanation:

A scheduled cash budget is not often prepared in conjunction with the sales budget and this shows the pattern in which the cash must be collected from the sales budget and this is mainly based on the previous collection pattern

In the sales the amount is collected only after the sales period ends and the cash receipts is most often prepared in conjunction with the pattern in which the previous sales was collected