Which of the following includes anticipated and actual expenses for a responsibility center?
A) revenue budget
B) cash budget
C) capital budget
D) expense budget
E) operating budget

Question

Quizplus · Accepted Answer

An expense budget includes anticipated and actual expenses for a responsibility center. A revenue budget focuses on anticipated revenues, a cash budget focuses on anticipated cash inflows and outflows, a capital budget focuses on anticipated investments in long-term assets, and an operating budget includes both revenues and expenses for a center.

Which of the Following Includes Anticipated and Actual Expenses for a Responsibility