Which of the following budgets or schedules uses data contained in the selling and administrative expense budget?
A) Cash receipts schedule
B) Cash payments schedule
C) Inventory purchases budget
D) Sales budget

Question

Quizplus · Accepted Answer

The cash payments schedule uses data from the selling and administrative expense budget because it includes all cash outflows, among which are the selling and administrative expenses.

Which of the Following Budgets or Schedules Uses Data Contained