LO 7.3Which of the following includes only financial budgets?

capital asset budget, budgeted income statement, sales budget
production budget, capital asset budget, budgeted balance sheet
cash budget, budgeted balance sheet, capital asset budget
budgeted income statement, direct material purchases budget, cash budget

Respuesta :

Answer:

cash budget, budgeted balance sheet, capital asset budget

Explanation:

The financial budget comprises of cash budget, budgeted balance sheet, and the capital asset budget.  

The cash budget reflects the position of the cash inflows and cash outflow which represents the cash receipts and cash payments

The budgeted balance sheet is a financial statement which comprises of asset and liabilities that depicts the financial position, performance of the business organization

And, the capital asset budget involves an investment with respect to long term assets which required long term planning so that it can give the best returns in the coming future. It is also known as capital expenditure budget