Which of the following budgets is a major part of the master budget and focuses on the income statement and its supporting schedules?

Question

Quizplus · Accepted Answer

The operating budget is a major part of the master budget and focuses on the income statement and its supporting schedules. The cash budget focuses on the cash inflows and outflows while the capital expenditures budget focuses on the long-term investments in assets. The financial budget is an overview of all the budgets within the master budget.

Which of the Following Budgets Is a Major Part of the Master