The financial budgets include the cash budget and the budgeted financial statements-the budgeted income statement and budgeted balance sheet.

Question

Quizplus · Accepted Answer

This statement is true. The financial budgets typically include a cash budget as well as budgeted financial statements such as the budgeted income statement and budgeted balance sheet. These budgets help organizations project their cash inflows and outflows and plan for future financial performance.

The Financial Budgets Include the Cash Budget and the Budgeted