In preparing financial budgets:
A)The budgeted balance sheet is usually prepared last.
B)The cash budget is usually not prepared.
C)The budgeted income statement is usually not prepared.
D)The capital expenditures budget is usually prepared last.
E)The budgeted income statement is usually prepared last.

Question

Quizplus · Accepted Answer

The budgeted balance sheet is usually prepared last as it takes into account the information from the cash budget, capital expenditures budget, and budgeted income statement.

In Preparing Financial Budgets