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Question
The most important budget among all budgets is _________.
The most important budget among all budgets is _________.
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Solution
The correct option is A Sales budget
Sales budget is an estimation of sales which management expects in the future financial year. Budgeting is a very important activity for the business. Without the budget, its difficult for the companies to track the performance. The first step in creating a master budget is to have sales budget. After the sales budget, all other functional budgets are prepared.
Sales budget is an estimation of sales which management expects in the future financial year. Budgeting is a very important activity for the business. Without the budget, its difficult for the companies to track the performance.
The first step in creating a master budget is to have sales budget. After the sales budget, all other functional budgets are prepared.
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