Identify each item as either part of the operating budget or the financial budget.
-Budgeted income statement

Question

Quizplus · Accepted Answer

Budgeted income statement is part of the financial budget, which focuses on the company's finances and includes financial statements such as cash flow statements, balance sheets, and income statements. The operating budget, on the other hand, focuses on the day-to-day operations of the company and includes budgets for expenses such as labor and materials.

Identify Each Item as Either Part of the Operating Budget