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Business Studies

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specifies exp...

Question

____________ specifies expected sale of goods during a period(s).

A

Cash budget

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B

Material budget

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C

Production budget

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D

Sales budget

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Solution

The correct option is D Sales budget
Sales budget specifies expected sale of goods during a period . It is used to determine the quantity of anticipated sales and the expected selling price per unit.

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Total sales of goods and services collected during a period are classified into __________.

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Q. A statement of expected results and resources allocated for a specified time period is known as ______________.

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Q. During a financial year, a shopkeeper purchased goods worth Rs. 4,15,000 and paid a total tax of Rs. 38,000. His sales during this period consisted of a taxable turnover of Rs. 50,000 for goods taxable at 5% and Rs. 3,20,000 for goods taxable at 12%. He also sold tax exempted goods worth Rs. 45,000 during this period. Calculate his tax liability (under VAT) for the financial year.

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