Of the following items which one is not obtained from an individual operating budget?
A) Selling and administrative expenses
B) Accounts receivable
C) Cost of goods sold
D) Sales

Question

Quizplus · Accepted Answer

Accounts receivable is not obtained from an individual operating budget. It is a separate financial statement that tracks the money owed to a company by its customers for goods or services that have been delivered but not yet paid for. The other options, selling and administrative expenses, cost of goods sold, and sales, are all components typically found in an individual operating budget.

Of the Following Items Which One Is Not Obtained from an Individual