A(n) __________ includes anticipated and actual expenses for a responsibility center.
A) revenue budget
B) cash budget
C) capital budget
D) expense budget
E) operating budget

Question

Quizplus · Accepted Answer

An expense budget is a financial plan that lists anticipated and actual expenses for a particular area of responsibility, such as a department or cost center. It helps to track and control costs, allocate resources effectively, and achieve organizational goals. The other options refer to different types of budgets: Revenue budget projects future income or sales, Cash budget forecasts cash inflows and outflows, Capital budget estimates long-term investments in assets, and Operating budget summarizes all revenues and expenses of an enterprise.

A(n) __________ Includes Anticipated and Actual Expenses for a Responsibility