Which of the Following Budgets Is Not an Operating Budget

question 13

Multiple Choice

Which of the following budgets is not an operating budget?

• A) Sales budget.
• B) Cash budget.
• C) General and administrative expense budget.
• D) Selling expenses budget.
• E) Merchandise purchases.

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Definitions:

Depreciation Expense

Apportioning the expenditure of a substantial asset over its operational life.

Residual Value

The estimated value that an asset will be worth at the end of its useful life, often considered in leasing or depreciation calculations.

Double-Declining-Balance

An accelerated method of depreciation that doubles the regular depreciation rate, emphasizing higher depreciation expenses in the earlier years of an asset's life.

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.