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प्रश्न
The ______ budget is a summary of all the budgets.
विकल्प
Cash
Sales
Master
Production
उत्तर
The master budget is a summary of all the budgets.
Explanation:
Master budget is a summary of all budgets. Therefore, it is also known as a summary budget. The Institute of Cost Management Accountants, England, has defined it as "the summary budget, incorporating its component functional budgets, which is finally approved, adopted and employed." Thus, the master budget is a summarised form of all the budgets of a firm.
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संबंधित प्रश्न
Which of the following is not the part of master budget?
Sales budget shows the sales details as ______.
The starting point in preparation of master budget is ______.
Select the correct statement(s) about the master budget.
Which factors are taken into consideration while preparing production budget?
What is a cash budget?
Distinguish between production budget and material budget.
Why is a Master Budget also known as a Summary Budget?
Choose the Odd-One-Out
The different types of budgets are
Write short note on Capital Expenditure Budget.
