The last step in a master budget is to prepare a
A)cost of goods manufactured budget.
B)budgeted balance sheet.
C)cash budget.
D)sales budget.

Question

Quizplus · Accepted Answer

The last step in a master budget is to prepare the budgeted balance sheet which shows the estimated financial position of the company at the end of the budget period. This includes a list of assets, liabilities, and equity. While the other options are important components of the master budget, they are typically prepared before the budgeted balance sheet.

The Last Step in a Master Budget Is to Prepare