The master budget for a service enterprise
A) will have the same types of budgets as a merchandiser.
B) may include a sales budget for sales revenue.
C) will not include a budgeted income statement.
D) includes a service revenue budget based on expected client billings.

Question

Quizplus · Accepted Answer

The master budget for a service enterprise will include a service revenue budget based on expected client billings, as this is a key component of the budgeting process for service enterprises.

The Master Budget for a Service Enterprise