Which one of the following is a budget that would NEVER be prepared by a merchandising company?
A)production budget
B)cost of goods sold budget
C)purchases budget
D)budgeted income statement

Question

Quizplus · Accepted Answer

A production budget is not prepared by a merchandising company as they do not produce or manufacture their own goods, they simply purchase and sell them. A production budget would only be prepared by a manufacturing company.

Which One of the Following Is a Budget That Would