In preparing a set of budgets using a spreadsheet, all of the following have formulas that are directly linked except:
A) sales and cost of sales.
B) depreciation and accumulated depreciation.
C) debtors and creditors.
D) income tax and profit.

Question

Quizplus · Accepted Answer

Debtors and creditors are not directly linked in terms of formulas. Sales and cost of sales are linked by the gross profit formula, depreciation and accumulated depreciation are linked by the depreciation formula, and income tax and profit are linked by the tax formula.

In Preparing a Set of Budgets Using a Spreadsheet, All