Questions

Cash budget is the budget which is prepared under the finance budget. It is an estimation of the expected cash receipts and cash payments during the budget period. By preparing cash budget it becomes possible for the organisation to predict whether at any point of time there will be excess or shortage of cash. Two main points should be remembered before preparing cash budget: Time period of the cash budget and the items to be included in the cash budget.

In the exclusive economic zone, the coastal nation has sovereign rights for the purpose of exploring and exploiting, conserving and managing the natural resources, whether living or non-living, including production of energy from the water, currents and winds. However, In the exclusive economic zone, all nations, whether coastal or land-locked shall enjoy the freedom of navigation and overflight and of the laying of submarine cables and pipelines, and other internationally lawful uses of the sea. That means fourth right is not exclusive only for the coastal nations.