When assembling the master budget,the budgeted balance sheet is the last budget prepared in the process.

Name: When assembling the master budget,the budgeted balance sheet is the last budget prepared in the process.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

The budgeted balance sheet is indeed the last budget prepared in the process of assembling the master budget. It takes into account the information from other budgets in the master budget and provides a snapshot of the company's financial position at the end of the budget period.

When Assembling the Master Budget,the Budgeted Balance Sheet Is the Last