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Question
The budget that forms the fundamental basis of all budgets and lays down the revenue goals of an enterprise is the ______.
Options
Purchase Budget
Sales Budget
Cash Budget
Production Budget
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Solution
The budget that forms the fundamental basis of all budgets and lays down the revenue goals of an enterprise is the Sales Budget.
Explanation:
A sales budget is essentially a projection of the amount of money that will be sold during a given time frame in the future. Generally speaking, the sales budget serves as the foundation upon which all other budgets are created.
RELATED QUESTIONS
What is a Budget?
What is a Master Budget?
Choose the Odd-One-Out:
A wise guide to have an overall view of family income and expenses:
- Insurance Policy
- Budgeting
- Bank Account
- Saving
A budget is tool which helps the management in planning and control of ______.
Budgets are an important tool of ______.
A budget relates to a ______ period.
Explain the term ‘budget’.
The process of preparing budgets is known as ______.
Budgeting is the first step in ______.
Choose the Odd-One-Out:
Budgeting is
- Art and science of planning income
- Careful outline of spending money
- The first step in money management
- A type of investment
