Item-of-expenditure budgeting is the most common or popular method for preparing operating budgets.

Name: Item-of-expenditure budgeting is the most common or popular method for preparing operating budgets.
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Quizplus · Accepted Answer

Item-of-expenditure budgeting, also known as line-item budgeting, is the most common method for preparing operating budgets because it categorizes and lists all expected revenues and expenditures, making it straightforward and widely applicable across different types of organizations.

Item-Of-Expenditure Budgeting Is the Most Common or Popular Method for Preparing