The budget that needs to be completed first when preparing the master budget is the:
A) Production Budget
B) Sales Budget
C) Cash Budget
D) Capital Expenditures Budget

Question

Quizplus · Accepted Answer

The sales budget is the budget that needs to be completed first when preparing the master budget because it provides the basis for all other budgets. The production budget, cash budget, and capital expenditures budget all depend on the sales budget as their starting point.

The Budget That Needs to Be Completed First When Preparing