When preparing the budgeted income statement,which of the following is the source for the amount of operating expenses?
A) schedule of disbursements for operating expenses
B) purchases budget
C) schedule of disbursements for purchases
D) operating expense budget

Question

Quizplus · Accepted Answer

The operating expense budget is the source for the amount of operating expenses, as it outlines the expected costs involved in operating the business for a given period. The purchases budget refers to the expected purchases during a certain period and does not necessarily include all operating expenses, while the schedules of disbursements refer to actual payments made rather than planned expenses.

When Preparing the Budgeted Income Statement,which of the Following Is