The best-known part of financial planning is the __________,which allocates the financial resources of an organization among participants,activities,and projects.
A)annual budget
B)income statement
C)balance sheet
D)owners equity

Question

Quizplus · Accepted Answer

The annual budget is the best-known part of financial planning as it involves allocating financial resources among different activities, projects, and participants. It is a crucial tool for organizations to plan their expenditures and ensure that they are following their financial goals and objectives. The income statement and balance sheet are important financial statements, but they do not involve allocating resources like a budget does. Owner's equity is a component of the balance sheet and does not relate to financial planning directly.

The Best-Known Part of Financial Planning Is the __________,Which Allocates