Operating budgets include all of the following EXCEPT:
A)the revenues budget.
B)the administrative costs budget.
C)the budgeted income statement.
D)the budgeted balance sheet.

Question

Quizplus · Accepted Answer

Operating budgets do not include budgeted balance sheets. The budgeted income statement is included to project the company's future profitability and the administrative costs budget is included to determine operating expenses. The revenues budget is also included to project the company's future sales.

Operating Budgets Include All of the Following EXCEPT