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Question
Which budget forms the fundamental basis on which all other budgets are built up.
Options
Cash Budget
Purchase Budget
Master Budget
Sales Budget
MCQ
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Solution
Sales Budget
Explanation:
The sales budget is the first or basic component of the budgeting process. It shows the expected number of units to be sold at an expected price in a particular period. Once the sales budget is prepared, the other budgets can be built up.
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