Chronologically,the first part of the master budget to be prepared would be the
A)sales budget.
B)production budget.
C)cash budget.
D)pro forma financial statements.

Question

Quizplus · Accepted Answer

The sales budget is the first part of the master budget because it outlines the expected sales revenue for the upcoming period. This information is crucial because it serves as the basis for all other budgets, including the production budget, purchasing budget, and cash budget.

Chronologically,the First Part of the Master Budget to Be Prepared