COST ACCOUNTING
THE MASTER BUDGET
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The following are elements attached to the budget, except ____
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Covers all company activities
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expressed in monetary units
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made for a certain period of time to come
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meet the long-term goals of the organization
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Explanation:
Detailed explanation-1: -It includes fixed cost, variable cost, capital costs, and non-operating expenses.
Detailed explanation-2: -At its core level, budgeting requires tracking five specific elements: income; expenses; savings; debt payments; and assets.
Detailed explanation-3: -The federal budget comprises three primary components: revenues, discretionary spending, and direct spending.
Detailed explanation-4: -Capital expenditure budget and research & development budget are long term budget as both are non operational activities.
There is 1 question to complete.