A budget that identifies the forecasted and actual revenues of the organisation is called a:
A) capital expenditure budget
B) revenue budget
C) cash budget
D) balance sheet budget
E) profit budget.

Question

Quizplus · Accepted Answer

A revenue budget identifies the forecasted and actual revenues of an organization. It outlines the expected income from various sources and is an essential component of the overall budgeting process. It helps the organization plan and allocate resources, prioritize projects, and make informed financial decisions. A capital expenditure budget focuses on the organization's expected investment in fixed assets such as property, plant, and equipment. A cash budget forecasts an organization's cash inflows and outflows, while a balance sheet budget outlines the organization's assets, liabilities, and equity. A profit budget identifies the forecasted and actual profits of an organization, which is related to the revenue budget but also considers the cost of goods sold and operating expenses.

A Budget That Identifies the Forecasted and Actual Revenues of the Organisation