Which of the following includes anticipated and actual expenses for a responsibility center?
A) Revenue budget
B) Cash budget
C) Capital budget
D) Expense budget
E) Operating budget

Question

Quizplus · Accepted Answer

An expense budget includes anticipated and actual expenses for a specific responsibility center. The other budgets listed focus on different aspects of financial planning, such as anticipated revenue (revenue budget), cash flow (cash budget), long-term investments (capital budget), and overall income and expenses (operating budget).

Which of the Following Includes Anticipated and Actual Expenses for a Responsibility