The actual preparation of a budget usually begins with the:
A) Production budget
B) Cash budget
C) Sales budget
D) Direct materials budget

Question

Quizplus · Accepted Answer

The sales budget is typically the first budget prepared because all other budgets, such as production, direct materials, and cash, are created based on the expected level of sales. Therefore, the sales budget serves as the starting point for the entire budgeting process.

The Actual Preparation of a Budget Usually Begins with The