Which Is the Correct Order of Budget Preparation for a Merchandising

question 20

Short Answer

Which is the correct order of budget preparation for a merchandising company? a. Selling and administrative expense budget, cash budget, budgeted income statement, budgeted balance sheet.
B) Sales budget, cash budget, selling and administrative expense budget, budgeted income statement.
C) Sales budget, cash budget, budgeted balance sheet, budgeted income statement
D) Cash budget, selling and administrative expense budget, budgeted income statement, budgeted balance sheet.

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Definitions:

Inclusive Sense

Refers to an understanding or interpretation that aims to encompass or include all relevant aspects or elements.

Disjunction

A compound proposition containing two or more component propositions (the disjuncts) and asserting that at least one of them is true.

Disjuncts

Components of a logical disjunction, or an "or" statement, where either one or the other (or both) of the elements is true.

Assert Propositions

The act of confidently stating or affirming a propositional statement as true or valid in a discourse or argument.