Which one of the following sets includes only financial budgets?
A)cash budget and the operating budget
B)sales budget and the budgeted balance sheet
C)budgeted balance sheet and the cash budget
D)cash budget and the sales budget

Question

Quizplus · Accepted Answer

The budgeted balance sheet and the cash budget are both financial budgets. The budgeted balance sheet forecasts the financial position at the end of the period, while the cash budget forecasts cash flows and balances.

Which One of the Following Sets Includes Only Financial Budgets