Identify each item as either part of the operating budget or the financial budget.
-budgeted balance sheet
A)Operating Budget
B)Financial Budget

Question

Quizplus · Accepted Answer

The budgeted balance sheet is a part of the financial budget, which focuses on the company's overall financial position and includes items like assets, liabilities, and equity. The operating budget, on the other hand, focuses on the day-to-day operations of the company and includes items like revenue and expenses.

Identify Each Item as Either Part of the Operating Budget