Which of the following is the comprehensive planning document that incorporates a number of individual budgets?

Question

Quizplus · Accepted Answer

The master budget is the comprehensive planning document that incorporates a number of individual budgets such as sales budget, production budget, cash budget, etc. It is a detailed and integrated plan that encompasses all of the organization's activities and resources. Thus, option B is the correct answer. Static budget is a budget that remains fixed irrespective of the output level. Flexible budget is a budget that adjusts according to the level of output. Collective budget is not a commonly used term in budgeting.

Which of the Following Is the Comprehensive Planning Document That