What is the sequence of steps(order of preparation)for the financial budget?
A) sales budget, capital budget, cash budget, budgeted income statement
B) sales budget, operating expense budget, purchases and cost of goods sold budget
C) capital budget, cash budget, budgeted balance sheet
D) disbursements for purchases, disbursements for operating expenses, cash budget

Question

Quizplus · Accepted Answer

The Answer of What is the sequence of steps(order of preparation)for the financial budget?
A) sales budget, capital budget, cash budget, budgeted income statement
B) sales budget, operating expense budget, purchases and cost of goods sold budget
C) capital budget, cash budget, budgeted balance sheet
D) disbursements for purchases, disbursements for operating expenses, cash budget

What Is the Sequence of Steps(order of Preparation)for the Financial