In Relation to Budget Preparation,which of These Terms Refers to the Units

question 19

Multiple Choice

In relation to budget preparation,which of these terms refers to the units or subsections within a facility?

• A) financial unit
• B) cost sections
• C) compartments
• D) cost centres

---

Definitions:

Ending Inventory

Ending Inventory is the total value of all unsold goods that a company has in its possession at the end of an accounting period.

Beginning Inventory

The value of inventory on hand at the start of an accounting period, before any purchases or production have occurred.

Sales

The total amount of a company's revenue generated from goods or services provided to customers.

Unearned Rent Revenue

Income received by a landlord for rent that has yet to be earned, typically relating to payment received in advance for future rental periods.