Match the definitions 1 through 9 with the correct term or phrase (a)through (i).

-A formal statement of a company's future plans,usually expressed in monetary terms.
A)Master budget
B)General and administrative expense budget
C)Budget
D)Safety stock
E)Budgeted income statement
F)Budgeted balance sheet
G)Sales budget
H)Cash budget
I)Merchandise purchases budget

Question

Match the definitions 1 through 9 with the correct term or phrase (a)through (i).

-A formal statement of a company's future plans,usually expressed in monetary terms.
A)Master budget
B)General and administrative expense budget
C)Budget
D)Safety stock
E)Budgeted income statement
F)Budgeted balance sheet
G)Sales budget
H)Cash budget
I)Merchandise purchases budget

Quizplus · Accepted Answer

A budget is a formal statement outlining a company's financial and operational goals, typically expressed in monetary terms, which fits the definition provided.

Match the Definitions 1 Through 9 with the Correct Term