Which of the following budgets is usually prepared at the start of the budgeting process?
A) Production budget
B) Annual budget
C) Operating budget
D) Sales budget

Question

Quizplus · Accepted Answer

The sales budget is usually the first budget prepared at the start of the budgeting process as it sets the overall revenue target for the organization. The other budgets such as the production budget, operating budget, and annual budget are based on the sales budget.

Which of the Following Budgets Is Usually Prepared at the Start