Typically the first step in the budget process is to compile the ________.
A)pro forma income statement
B)capital expenditure budget
C)expenditure budget
D)sales budget

Question

Quizplus · Accepted Answer

The first step in the budget process is typically to compile the sales budget, as it outlines expected sales and serves as the foundation for other components of the budget, such as production and expenditure budgets.

Typically the First Step in the Budget Process Is to Compile