The master budget includes individual budgets for sales,production or merchandise purchases,various expenses,capital expenditures,and cash.

Question

Quizplus · Accepted Answer

This statement is true. The master budget incorporates detailed budgets for various categories like sales, production, expenses, capital expenditures, and cash. These budgets are integrated to develop a comprehensive financial plan that guides the company's operations and objectives.

The Master Budget Includes Individual Budgets for Sales,production or Merchandise