Day: October 18, 2021

Which is normally the most appropriate sequence of events in the preparation of budgets?

Select ONE answer:

1. cash budget, budgeted Balance Sheet, production budget
2. cash budget, production budget, budgeted Balance Sheet
3. production budget, cash budget, budgeted Balance Sheet
4. production budget, budgeted Balance Sheet, cash budget

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct
4. Not correct

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