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Question
______ forecasts the sales of different products in each area for a particular month.
______ forecasts the sales of different products in each area for a particular month.
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Solution
(a) Sales budget
(b) Sales accounts
(c) Sales cost
(d) None of the above
Answer (a) Sales budget
Explanation: A sales budget or a business spending plan is the management’s assessment of sales for a future financial period. An organisation utilises sales budgets to define its objectives, gauge profit, and estimate production prerequisites. The sales budget influences both the master budget estimate and the operating budgets of the organisation.
(a) Sales budget
(b) Sales accounts
(c) Sales cost
(d) None of the above
Answer (a) Sales budget
Explanation: A sales budget or a business spending plan is the management’s assessment of sales for a future financial period. An organisation utilises sales budgets to define its objectives, gauge profit, and estimate production prerequisites. The sales budget influences both the master budget estimate and the operating budgets of the organisation.
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