Question

If a cash budget is prepared by quarter, the beginning cash balance for the year is the same as the beginning cash balance for the [blank] quarter and the ending cash balance for the year is the same as the ending cash for the [blank] quarter. (Enter your answers as 1st, 2nd, 3rd or 4th.)
GPT-4o mini
If a cash budget is prepared by quarter, the beginning cash balance for the year is the same as the beginning cash balance for the **1st** quarter, and the ending cash balance for the year is the same as the ending cash for the **4th** quarter.

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