US CMA Part 1 · Chapter 2 · Question 29 of 30
Within a master budget, which of the following is part of the financial budget rather than the operating budget?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) The cash budget
Explanation
The financial budget comprises the capital expenditure budget, the cash budget and the budgeted balance sheet and statement of cash flows. The production, labor and selling and administrative budgets are operating budgets that lead to the budgeted income statement.
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