Which one of the following is the last step in preparing the operating budget?
A)budgeted income statement
B)production budget
C)cash budget
D)budgeted balance sheet

Question

Quizplus · Accepted Answer

The budgeted income statement is the last step in preparing the operating budget, as it summarizes the expected revenues and expenses based on the various components of the operating budget, such as the sales, production, and cash budgets.

Which One of the Following Is the Last Step in Preparing