Day: October 27, 2022

Materials and labour are in plentiful supply and the following budgets are prepared.

1. cash
2. purchases
3. sales
4. overhead

In which order should the budgets be prepared?

Select ONE answer:

1. 1, 2, 3 and 4
2. 2, 4, 1 and 3
3. 3, 2, 4 and 1
4. 4, 3, 2 and 1

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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