The starting point in the budgeting process is the preparation of the:
A)cash budget.
B)production budget.
C)sales budget.
D)budgeted income statement.

Question

Quizplus · Accepted Answer

The sales budget is typically the starting point in the budgeting process as it sets the foundation for other budgeted components such as production, cash, and income statement budgets. The sales budget estimates the sales revenue for the budget period, which is then used to determine resource requirements for other parts of the budget.

The Starting Point in the Budgeting Process Is the Preparation