GATSBY ACCOUNTING PROJECT ASSIGNMENT 5: Q5-4: ALL OF THE FOLLOWING BUDGETS THAT COMPRISE A MASTER BUDGET FOLLOW THE ACCRUAL BASIS ACCOUNTING RATHER THAN THE CASH BASIS EXCEPT: 1. CAPITAL EXPENDITURES BUDGET. 2. SALES BUDGET. 3. DIRECT MATERIALS PURCHASES BUDGET. 4. OPERATING EXPENSES BUDGET. 5. MANUFACTURING OVERHEAD BUDGET.