What is the name given to the set of budgets that give details of the income and costs of projected activities needed to achieve satisfactory profit results?
A) Master budgets.
B) Cash budgets.
C) Operating budgets.
D) Financial budgets.

Question

Quizplus · Accepted Answer

Operating budgets give details of the income and costs of projected activities needed to achieve satisfactory profit results. Master budgets are the overall budget that includes all other budgets, cash budgets only focus on cash flow, and financial budgets focus on financial statements.

What Is the Name Given to the Set of Budgets