The preparation of operating budgets begins with the development of a(n) _____.
A) sales budget
B) budgeted income statement
C) capital and taxes budget
D) expenditure budget

Question

Quizplus · Accepted Answer

The sales budget is the starting point for the preparation of operating budgets as it forecasts the expected sales revenue, which influences other budgets like production, purchasing, and expenses.

The Preparation of Operating Budgets Begins with the Development of A(n)