The operating budget is that part of the master budget that includes the capital expenditures budget,cash budget,budgeted balance sheet,and the budgeted cash flow statement.

Question

Quizplus · Accepted Answer

The operating budget includes the budgets for revenue, expenses, and resulting net income. The capital expenditures budget, cash budget, budgeted balance sheet, and budgeted cash flow statement are part of the financial budget.

The Operating Budget Is That Part of the Master Budget