Part of the budgeting process is summarizing the financial statement effects on the budgeted income statement and the budgeted b

Question

diamong [38]

3 years ago

13

Part of the budgeting process is summarizing the financial statement effects on the budgeted income statement and the budgeted b

alance sheet.
a. true
b. false

Business

1 answer:

Stella [2.4K] · Answer 1 · 2022-03-15T15:41:34+03:00

Answer:

a. true

Explanation:

The production, sales, and the financial objected of the company are predicted via applying the various independent budgets. Also these budget should become the portion of the master budget. The impact should be collated on the budgeted balance sheet, income statement, and the cash budget

Therefore the given statement is true