Question
Select from the following to answer questions a to d. ( Note: some terms may not be used in any of the answers while others
Select from the following to answer questions a to d. ( Note: some terms may not be used in any of the answers while others may be used more than once. Also, answers to some questions may involve multiple types of budgets.).
< Operating budget /Capital budget /Flexible budget /Performance budget /Special Purpose budget/ Master budget>
a. _______________________________ are all prepared using accrual accounting
b. _______________ budgets are based on the expected timing of receipts and disbursements.
c. The operating, cash and capital budgets are all parts of the _____________ budget.
d. _________________ budget focuses on an organizations ability to meet its mission.
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