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Subjects · Leaving Cert Accounting

Leaving Cert Accounting: Cash budgets

How often Cash budgets comes up on the Accounting papers, every year it was asked, and questions to try.

HL Asked on 4 of the last 10 Higher Level papers, most recently in 2026.

OL Asked on 5 of the last 10 Ordinary Level papers, most recently in 2026.

Cash budgets, Higher Level(6 marks)

Quick ones on Cash budgets.

(a)A cash budget shows…
  1. Expected profit for each month
  2. Expected cash receipts and payments
  3. Assets and liabilities at a date
(b)Which item does NOT appear in a cash budget?
  1. Loan received
  2. Wages paid
  3. Depreciation
(c)Cash sales appear in the cash budget…
  1. In the month of sale
  2. Two months after sale
  3. One month after sale
Show the answers

(a) Expected cash receipts and payments

(b) Depreciation

(c) In the month of sale

Your turn: Higher Level questions on Cash budgets.

Higher Level

Asked on 4 of the last 10 Higher Level papers, most recently in 2026.

Every paper, year by year

YearWhere it came up
2026Q9
2025Not asked
2024Q9
2023Q9
2022Not asked
2021Not asked
2019Not asked
2018Not asked
2017Not asked
2016Q9

Links open the State Examinations Commission’s paper for that year.

More Cash budgets questions

Cash budgets, 2 marks

Extra capital paid in by the owner appears in a cash budget as…

  1. A payment
  2. Nothing — it is excluded
  3. A receipt
Show the answer

A receipt

Cash comes into the business, so it is a receipt, even though it is not income in the P&L.

Cash budgets, 2 marks

Purchases of €20,000 are paid next month less a 2.5% discount. Payment?

  1. €20,500
  2. €19,500
  3. €20,000
Show the answer

€19,500

Discount = €20,000 × 2.5% = €500, so €19,500 is paid next month.

Cash budgets, 2 marks

Rent of €12,000 a year is paid quarterly in advance. Each payment?

  1. €3,000
  2. €1,000
  3. €12,000
Show the answer

€3,000

€12,000 ÷ 4 quarters = €3,000, paid at the start of each quarter, e.g. January, April, July and October.

Ordinary Level

Asked on 5 of the last 10 Ordinary Level papers, most recently in 2026.

Every paper, year by year

YearWhere it came up
2026Q9
2025Not asked
2024Q9
2023Not asked
2022Q9
2021Not asked
2019Not asked
2018Q9
2017Not asked
2016Q9

Links open the State Examinations Commission’s paper for that year.

More Cash budgets questions

Cash budgets, 3 marks

Opening overdraft €2,000; receipts €9,000; payments €5,000. Closing bank balance?

  1. €6,000 in hand
  2. €6,000 overdrawn
  3. €2,000 in hand
Show the answer

€2,000 in hand

−€2,000 + €9,000 − €5,000 = €2,000. The overdraft is cleared and €2,000 is left.

Cash budgets, 3 marks

May sales €20,000: 40% for cash, the rest paid next month. Cash received in May from May sales?

  1. €20,000
  2. €8,000
  3. €12,000
Show the answer

€8,000

Cash sales in May: 40% × €20,000 = €8,000. The other €12,000 arrives in June.

Cash budgets, 2 marks

In a cash budget, one month's closing balance becomes the next month's…

  1. Opening balance
  2. Total receipts
  3. Total payments
Show the answer

Opening balance

Cash carries forward: January's closing cash is February's opening cash.

Other Accounting topics

All of Leaving Cert Accounting