Which One of the Following Is a Budget That Would

question 88

Multiple Choice

Which one of the following is a budget that would NEVER be prepared by a merchandising company?

• A)production budget
• B)cost of goods sold budget
• C)purchases budget
• D)budgeted income statement

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Definitions:

Cashier's Check

A check issued by a bank, drawing on its own funds rather than that of a personal account holder, guaranteeing payment to the payee.

Bank Liability

The legal obligations or debts that a bank is responsible for, such as deposits and loans.

Skillfully Altered

Modified or changed in a way that demonstrates a high level of expertise or craftsmanship.

Drawer's Account

The bank account on which a check is drawn; the account belonging to the individual who has written the check.