Which of the Following Statements Is Wrong

question 108

Multiple Choice

Which of the following statements is wrong?

• A)The cash budget and the profit and loss budget are the same.
• B)Everything starts with the production budget.
• C)Time lags are factored out of the budgets.
• D)All of these are wrong.
• E)None of these is wrong.

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Definitions:

Depreciation Charges

The allocation of the cost of a tangible asset over its useful life to reflect its decrease in value over time.