What is the most common type of financial budget?
A) Cash
B) Sales
C) Profits
D) Factory
E) Flexible

Question

Quizplus · Accepted Answer

Cash budget is the most common type of financial budget as it helps in planning and controlling the cash flow of a business. It outlines the expected cash receipts and cash payments for a period, ensuring that the company has enough cash to cover its expenses and investments. This type of budget helps in avoiding cash shortages or surpluses and enables businesses to make more informed financial decisions.

What Is the Most Common Type of Financial Budget