The starting point in the budgeting process is the preparation of the:
A)sales budget.
B)cash budget.
C)budgeted income statement.
D)budgeted cash flow statement.

Question

Quizplus · Accepted Answer

The sales budget is typically the starting point in the budgeting process because it forecasts the expected sales revenue, which influences other budgets like production, cash, and income statements.

The Starting Point in the Budgeting Process Is the Preparation