The budgets that are concerned with the inflows and outflows of cash and with financial position are called the:
A)Operating budgets
B)Master budgets
C)Financial budgets
D)Continuous budgets

Question

Quizplus · Accepted Answer

Financial budgets are concerned with the inflows and outflows of cash and with financial position. Operating budgets focus on the day-to-day operations of a business and include budgets for sales, production, and expenses. Master budgets combine operating and financial budgets to provide a comprehensive overview of a company's financial plan for the upcoming year. Continuous budgets are updated regularly to reflect current financial conditions and performance.

The Budgets That Are Concerned with the Inflows and Outflows