Question

Which of the following lists includes only financial budgets? Budgeted balance sheet, cash budget, and the capital expenditures budget. Cash budget, production budget, and capital expenditures budget. Budgeted income statement, budgeted balance sheet, and sales budget. Capital expenditure budget, sales budget, and budgeted income statement.

Answer 1

Answer:

Budgeted balance sheet, cash budget, and the capital expenditures budget

Explanation:

The financial budget is the budget which reflects the financial position of the business organization. It used to determine the actual cash position with respect to the cash inflows and the cash outflows

Moreover, it includes three types of budget i.e budgeted balance sheet which shows the financial performance of the company with respect  to the assets and liabilities, the cash budget which reflects the inflow and outflow position of cash and the cash expenditure budget which shows the amount spent for purchasing of the capital asset or the cost related to the asset