Which of the Following Budgets Needs to Be Prepared Prior

question 104

Multiple Choice

Which of the following budgets needs to be prepared prior to preparing an inventory purchases budget?

• A) Selling and administrative expense budget
• B) Sales budget
• C) Cash budget
• D) All of the answers are correct.

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Definitions:

Cash Receipt

Documented acknowledgment of the receipt of cash, typically recorded at the time cash is received from customers or other sources.