Which of the following budgets is prepared last?

Name: Which of the following budgets is prepared last?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The budgeted balance sheet is prepared last as it is dependent on the other budgets, such as the sales budget, production budget, cash budget, and budgeted income statement, which are prepared first. The capital acquisitions budget can be prepared at any point in the budgeting process, depending on the company's needs and priorities.

Which of the Following Budgets Is Prepared Last