Accounting 9706 · AS & A Level · Budgeting and budgetary control

Budgeting and budgetary control — practice question

Refer to Source B2 in the insert.
(a)[2]

State two advantages to a business of drawing up budgets.

(b)[10]

Produce the trade receivables budget for July.

(c(i))[3]

Comment on W Limited’s current management of trade receivables.

(c(ii))[3]

Suggest three ways of improving the management of trade receivables.

(d)[7]

Prepare the trade payables budget for July.

Worked solution & mark scheme

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