Which of the following budgets must be prepared first?
A) Cash budget.
B) Production budget.
C) Sales budget.
D) Selling and administrative expenses budget.

Name: Which of the following budgets must be prepared first? A) Cash budget. B) Production budget. C) Sales budget. D) Selling and administrative expenses budget.
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Question

Quizplus · Accepted Answer

The sales budget must be prepared first because it provides the basis for other budgets, including production and cash budgets, by estimating the expected sales volume and revenue.

Which of the Following Budgets Must Be Prepared First