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

Question

Quizplus · Accepted Answer

The preparation of the budgeted balance sheet for a manufacturer requires data from operating and financial budgets such as the production budget, selling and administrative expense budget, cash budget, capital expenditure budget, and so on. Therefore, amounts needed for the budgeted balance sheet are taken from various budgets.

Amounts Needed for the Preparation of the Budgeted Balance Sheet