Which of the following budgets focuses on the income statement and its supporting schedules?
A) Cash budget
B) Operating budget
C) Sales budget
D) Capital expenditures budget

Question

Quizplus · Accepted Answer

The operating budget focuses on the income statement and its supporting schedules, as it includes the projected revenue and expenses for the upcoming period. The cash budget focuses on projected cash flows, the sales budget focuses on projected sales, and the capital expenditures budget focuses on projected capital expenditures for the upcoming period.

Which of the Following Budgets Focuses on the Income Statement