The ________ budget focuses on the income statement and the supporting schedules.
A)financial
B)operating
C)cash
D)capital

Question

Quizplus · Accepted Answer

The operating budget focuses on the income statement and the supporting schedules, such as the sales forecast, production budget, and cost of goods sold budget. The financial budget includes the cash budget and the capital budget, which focus on cash inflows and outflows and capital expenditures respectively.

The ________ Budget Focuses on the Income Statement and the Supporting