Which of the following type of budget is prepared to assess the level of inventories, receivables etc.?

Material budget

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Profitability budget

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Cash budget

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Working capital budget

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Solution

The correct option is D Working capital budget
Working Capital budget is a part of the total budgeting process of a business. It is prepared by estimating the future long-term and working capital needs for example current assets like inventory, debtors, receivables, etc.

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Distinguish between revenue budget and capital budget.

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