Which of the following alternatives reflects the proper order of preparing components of the master budget? 1. Financial budget
2) Operating budget
3) Capital expenditures budget

Question

Quizplus · Accepted Answer

The proper order for preparing components of the master budget starts with the operating budget, followed by the capital expenditures budget, and concludes with the financial budget. This sequence allows for the detailed planning of operations, the assessment of capital needs, and the finalization of financial plans.

Which of the Following Alternatives Reflects the Proper Order of Preparing