The part of the master budget, which covers the capital expenditures, budgeted statement of cash flows and balance sheets are classified as ___________?
Correct answer: A. financial budget
- A. financial budget
- B. capital budget
- C. cash flows budget
- D. balanced budgetSearch Public Records
Explanation
A financial budget covers capital expenditure and projected financial statements, including the cash-flow statement and balance sheet. A capital budget is narrower because it mainly concerns long-term asset purchases.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
Practise Cost Accounting
941 free Cost Accounting MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Cost Accounting questions
The budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers, can be classified as ___________?
The depreciation on plant equipment, salaries of plant managers and plant leasing costs are considered a _____________?
The flexible budget amount is added in to variable overhead flexible budget variance to calculate ____________?
The third step in developing operating budget is ____________?
If the indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then the manufacturing budget will be ____________?
The last step in developing operating budget is ____________?