Which of the following is the most common starting point in the information gathering process for budgeting?
A) The personnel forecast
B) The sales forecast
C) The production forecast
D) The projected income statement

Question

Quizplus · Accepted Answer

The sales forecast is typically the most common starting point for budgeting, as it provides an estimate of the revenue that the company can expect to generate. From there, the budgeting process can move on to expenses, personnel needs, and other factors that will impact the bottom line.

Which of the Following Is the Most Common Starting Point