Which of the following statements is true?
A)Sound budget making procedures usually bestow upon the accounting department the honor of developing the basic departmental expense budgets.
B)The budget making process begins with a determination of the company's forecast for sales and resultant activities for the budget period.
C)The sales manager is not responsible for developing the sales department budget.
D)All of these.
E)None of these.

Question

Quizplus · Accepted Answer

The budget making process typically begins with a determination of the company's forecast for sales and resultant activities for the budget period. Option A is not true as budget making procedures can vary from company to company. Option C is not true as the sales manager is usually responsible for developing the sales department budget. Option D is not an accurate statement as only option B is true.

Which of the Following Statements Is True