Is a budget system typically begins with sales budget or master budget? for accounting.

Question

Question

Answer 1

Answer #1

The budgeting process system begins with sales budget and ends with cash budget.

The budgets that includes in the master budget are:

1) Sales budget

2) Production budget

3) Direct Material Budget

4) Direct Labour Budget

5) Manufacturing Overhead Budget

6) Selling and Administrative Budget

7) Cash Budget

8) Budgeted Financial Statements

Answer 2

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