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Question
The starting point in preparation of master budget is ______.
Options
Cash Budget
Purchase Budget
Master Budget
Sales Budget
Solution
The starting point in preparation of master budget is sales budget.
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RELATED QUESTIONS
______ budget contains details about the quantity and quality of various things which the firm needs to purchase during the coming year.
Sales budget shows the sales details as ______.
Production budget is prepared to achieve which of the following objectives?
It helps to ensure that the required items are available as and when needed for smooth functioning of the business.
The ______ budget is a summary of all the budgets.
Select the correct statement(s) about the master budget.
A cash budget is helpful in ______.
State any two factors to be kept in mind while preparing the sales budget of an organisation.
Why is a Master Budget also known as a Summary Budget?
Distinguish between a Production Budget and a Sales Budget.
