Which of the following budgets includes anticipated and actual expenses for a responsibility center?
A)Revenue
B)Cash
C)Capital
D)Expense
E)Operating

Question

Quizplus · Accepted Answer

The Expense budget includes anticipated and actual expenses for a responsibility center. The Revenue budget is focused on anticipated revenue, the Cash budget tracks cash inflows and outflows, the Capital budget is focused on capital expenditures, and the Operating budget includes both expenses and revenue but is not specifically related to a responsibility center.

Which of the Following Budgets Includes Anticipated and Actual Expenses