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Budgeting and the Master Budget · CAPE Accounting Unit 2

32 past-paper questions on Budgeting and the Master Budget, part of Module 3: Planning and Decision Making, from every CAPE Accounting Unit 2 paper on Quelpr.

Practise Budgeting and the Master Budget
  1. 3(a)(i)3 marks· CAPE Accounting Unit 2 · 2006 · Paper 2Prepare a schedule of cash collections on accounts receivable for July, August, and September.
  2. 3(a)(ii)5 marks· CAPE Accounting Unit 2 · 2006 · Paper 2Prepare a schedule to estimate merchandise purchased for July, August, and September.
  3. 3(a)(iii)4 marks· CAPE Accounting Unit 2 · 2006 · Paper 2Prepare a schedule of estimated cash payments for accounts payable (merchandise purchases) and operating expenses for July, August, and September.
  4. 3(a)(iv)9 marks· CAPE Accounting Unit 2 · 2006 · Paper 2Prepare a cash budget for each of the three months (July, August, and September).
  5. 3(a)(v)1 mark· CAPE Accounting Unit 2 · 2006 · Paper 2On the basis of the cash budget, discuss whether it is likely that RG Wholesalers will be able to repay the $200 000 loan to Caribbean Dominion Bank at the end of September.
  6. 3(a)(i)4 marks· CAPE Accounting Unit 2 · 2008 · Paper 2Describe FOUR benefits that a business may gain from budgeting.
  7. 3(c)(iii)3 marks· CAPE Accounting Unit 2 · 2008 · Paper 2Prepare a schedule showing the total direct materials that will be required to produce the units estimated to be sold during the following month.
  8. 3(a)6 marks· CAPE Accounting Unit 2 · 2011 · Paper 2Define the term 'budget' and outline FOUR benefits of budgeting.
  9. 3(b)(i)7 marks· CAPE Accounting Unit 2 · 2011 · Paper 2Prepare the cash collection schedule for the month of January 2011.
  10. 3(b)(ii)4 marks· CAPE Accounting Unit 2 · 2011 · Paper 2Prepare the purchases schedule for the month of January 2011.
  11. 3(b)(iii)4 marks· CAPE Accounting Unit 2 · 2011 · Paper 2Prepare the cash disbursement on purchases schedule for the month of January 2011.
  12. 3(c)14 marks· CAPE Accounting Unit 2 · 2011 · Paper 2Prepare the cash budget for the month of January 2011.
  13. 3(c)(i)3 marks· CAPE Accounting Unit 2 · 2014 · Paper 2State THREE objectives of budgeting.
  14. 3(c)(ii)6 marks· CAPE Accounting Unit 2 · 2014 · Paper 2Outline TWO features EACH of the imposed, participative, and negotiated budget styles.
  15. 3(c)(iii)2 marks· CAPE Accounting Unit 2 · 2014 · Paper 2State the role of a budget committee.
  16. 3(c)(iv)2 marks· CAPE Accounting Unit 2 · 2014 · Paper 2Name TWO sections of a cash budget.
  17. 3(c)4 marks· CAPE Accounting Unit 2 · 2015 · Paper 2State FOUR arguments against the use of budgeting as an accounting tool.
  18. 3(a)8 marks· CAPE Accounting Unit 2 · 2016 · Paper 2Prepare an inventory purchase budget for EACH of the months October, November and December.
  19. 3(b)6 marks· CAPE Accounting Unit 2 · 2016 · Paper 2Prepare a schedule of expected cash disbursement for inventory purchases for EACH of the months October, November and December (final quarter).
  20. 3(c)6 marks· CAPE Accounting Unit 2 · 2016 · Paper 2Prepare a schedule of budgeted cash collections for sales for EACH of the months October, November and December (final quarter).
  21. 3(d)9 marks· CAPE Accounting Unit 2 · 2016 · Paper 2Briefly discuss THREE uses of the budget in a typical organization.
  22. 3(e)6 marks· CAPE Accounting Unit 2 · 2016 · Paper 2Briefly describe the THREE styles of budgeting.
  23. 3(c)5 marks· CAPE Accounting Unit 2 · 2017 · Paper 2Outline FIVE roles of a budget committee.
  24. 3(a)6 marks· CAPE Accounting Unit 2 · 2018 · Paper 2Outline THREE objectives of budgeting.
  25. 3(b)(i)8 marks· CAPE Accounting Unit 2 · 2018 · Paper 2Prepare, for EACH of the months of August, September and October 2018, the production budget.
  26. 3(b)(ii)13 marks· CAPE Accounting Unit 2 · 2018 · Paper 2Prepare, for EACH of the months of August, September and October 2018, the schedule of direct materials required.
  27. 3(b)5 marks· CAPE Accounting Unit 2 · 2021 · Paper 2Discuss the following statement in relation to the use of budgets in an organization: "A budget assists managers in managing and controlling the activities for which they are responsible."
  28. 3(c)11 marks· CAPE Accounting Unit 2 · 2021 · Paper 2Prepare a purchases budget for the three months ending April 2021. (Use kg for the unit of the products.)
  29. 3(b)2 marks· CAPE Accounting Unit 2 · 2022 · Paper 2State TWO functions of the budget committee within an organization.
  30. 3(c)(i)4 marks· CAPE Accounting Unit 2 · 2022 · Paper 2Prepare the cash collections schedule.
  31. 3(c)(ii)5 marks· CAPE Accounting Unit 2 · 2022 · Paper 2Prepare the cash disbursement schedule for purchases.
  32. 3(c)(iii)9 marks· CAPE Accounting Unit 2 · 2022 · Paper 2Prepare the cash budget for January and February 2020.

Related topics in Module 3: Planning and Decision Making