Ask Question
28 July, 02:51

The balance sheet is used to project future cash receipts.

True

False

@seniors31007

+4
Answers (2)
  1. 28 July, 03:16
    0
    True

    Step-by-step explanation:

    I'm 99% sure but I could be wrong
  2. 28 July, 03:18
    0
    The answer is False.

    Step-by-step explanation:

    The balance sheet is used to project future cash receipts. This is false.

    Balance sheets are made for analyzing the last financial year's statement of profit and loss, cash flows, liability and assets calculation. The projection of future cash receipts does not come under balance sheet. For these projection, balance sheet is required, but balance sheets are NOT used to project the future cash receipts.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The balance sheet is used to project future cash receipts. True False @seniors31007 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers