q.12

Which of the following options lists the correct sequence for preparing budgets? A. Sales budget, production budget, budgeted balance sheet, budgeted income statement. B. Cost of goods sold budget, sales budget, budgeted income statement, budgeted balance sheet. C. Material purchases budget, production budget, cost of goods sold budget, cash receipts budget. D. Production budget, material purchases budget, budgeted income statement, budgeted balance she