Place the Following Budgets in the Normal Sequence of Budget

question 33

Multiple Choice

Place the following budgets in the normal sequence of budget preparation for a manufacturing entity.
I. budgeted balance sheet
II. budgeted income statement
III. production budget
IV. sales budget
V. cash budget
VI. cost of sales budget

• A) IV, V, VI, II, III, I.
• B) IV, III, VI, II, V, I.
• C) IV, VI, II, III, V, I.
• D) V, II, IV, VI, III, I.