_____ budget is a major part of the master budget that focuses on the income statement and its supporting schedules.
A)An operating
B)A financial
C)A cash
D)A capital

Question

Quizplus · Accepted Answer

An operating budget focuses on the income statement and its supporting schedules, such as the sales budget, production budget, and selling and administrative expenses budget. A financial budget, on the other hand, focuses on the balance sheet and cash flow statement. A cash budget is a specific part of the operating budget that focuses on cash inflows and outflows. A capital budget is a separate budget that focuses on long-term investments in fixed assets.

_____ Budget Is a Major Part of the Master Budget