Amounts needed for the preparation of the budgeted balance sheet are taken from various operating and financial budgets.

Question

Quizplus · Accepted Answer

The preparation of the budgeted balance sheet includes taking amounts from various operating and financial budgets such as the sales budget, production budget, cash budget, etc. This helps to accurately forecast the financial position of the company at the end of the budget period.

Amounts Needed for the Preparation of the Budgeted Balance Sheet