Which of the following is a type of financial budget that deals with forecasting the organization's assets and liabilities in the event all other budgets are met?
A) Cash-flow
B) Liquidity
C) Capital expenditure
D) Balance sheet
E) Pro forma

Question

Quizplus · Accepted Answer

The balance sheet is a financial statement that shows an organization's assets, liabilities, and equity at a specific point in time. It forecasts the organization's assets and liabilities in the event all other budgets are met. A balance sheet helps in assessing an organization's financial health and its ability to pay its financial obligations.

Which of the Following Is a Type of Financial Budget