Which of the following budgets is not completed before a cash budget is prepared?
A)Capital expenditures budget.
B)Sales budget.
C)Merchandise purchases budget.
D)General and administrative expense budget.
E)Budgeted income statement.

Question

Quizplus · Accepted Answer

A cash budget is prepared after all other budgets (including capital expenditures, sales, merchandise purchases, and general and administrative expenses) have been completed. The budgeted income statement is the last budget to be completed before the cash budget, as it incorporates all the other budgets and provides an overview of the expected financial results for the period.

Which of the Following Budgets Is Not Completed Before a Cash