Which is the last step in developing the master budget?
A) Preparing the budgeted balance sheet
B) Preparing the cost of goods manufactured budget
C) Preparing the budgeted income statement
D) Preparing the cash budget

Question

Quizplus · Accepted Answer

The last step in developing the master budget is preparing the budgeted balance sheet, which incorporates all the preceding budgets to show the company's projected financial position at the end of the budget period.

Which Is the Last Step in Developing the Master Budget