A merchandising firm does NOT prepare which of the following budgets?
A) cash receipts budget
B) production budget
C) sales budget
D) cash payments budget

Question

Quizplus · Accepted Answer

A merchandising firm typically does not engage in production activities, as it primarily involves buying and selling finished goods. Therefore, it does not prepare a production budget. It still needs to prepare the other budgets, such as the cash receipts budget, sales budget, and cash payments budget.

A Merchandising Firm Does NOT Prepare Which of the Following