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

Question

Quizplus · Accepted Answer

The sales budget is typically the starting point in the budgeting process as it outlines the expected sales for the upcoming period(s), which then serves as the basis for other budgets such as the production budget and cost of goods sold budget.

The Starting Point in the Budgeting Process Is the Preparation