The __________ budget plans and reports investments in major assets to be depreciated over several years.
A) capital
B) balance sheet
C) cash
D) revenue
E) expense

Question

Quizplus · Accepted Answer

The capital budget is used to plan and report investments in major assets, such as property, equipment, and infrastructure, that will depreciate over several years. The capital budget is distinct from the operating budget, which covers day-to-day expenses, and the cash budget, which focuses on cash inflows and outflows. The balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time, while the revenue and expense budgets cover income and expenses for a specific period.

The __________ Budget Plans and Reports Investments in Major Assets