In the context of budget preparation, the master budget of a firm organizes the _____ into a unified whole.
A) static budget and the cash flow budget
B) static budget and the financial budget
C) cash flow budget and the operating budget
D) financial budget and the operating budget

Question

Quizplus · Accepted Answer

The master budget combines the financial budget and the operating budget to provide a comprehensive financial plan for the organization.

In the Context of Budget Preparation, the Master Budget of a Firm