Which of the following is not a financial budget?
A) Cash budget
B) Budgeted balance sheet
C) Capital expenditure budget
D) Budgeted income statement

Question

Quizplus · Accepted Answer

A budgeted income statement is not a financial budget; it is a part of the master budget that summarizes the expected revenues and expenses for a period, whereas financial budgets specifically relate to the company's financial goals and the strategies to achieve them, including cash flow, capital expenditures, and overall financial position.

Which of the Following Is Not a Financial Budget