Which of the following is classified as an operating budget?

Question

Quizplus · Accepted Answer

The budgeted income statement is classified as an operating budget as it outlines the expected revenue and expenses for a business during a specific period of time, typically a fiscal year. It focuses on the organization's operating activities, including sales, cost of goods sold, and operating expenses, such as salaries and rent. The cash budget and budgeted statement of cash flows are classified as financial budgets, while the capital expenditures budget is classified as a capital budget.

Which of the Following Is Classified as an Operating Budget