Which of the following budgets focuses on the income statement and its supporting schedules?
A)The operating budget
B)The cash budget
C)The capital expenditures budget
D)The sales budget

Question

Quizplus · Accepted Answer

The operating budget is the budget that focuses on the income statement and its supporting schedules. It includes budgets for revenue, cost of goods sold, gross profit margin, operating expenses, and net income.

Which of the Following Budgets Focuses on the Income Statement