ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a type of farming budget?
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Enterprise
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Whole farm
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Partial
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Liability
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Explanation:
Detailed explanation-1: -Types of farm budgeting: There are two types (methods) of farm budgeting. a) Partial budgeting b) Complete budgeting.
Detailed explanation-2: -Explanation for correct answer: Preventing net operating loss is not a part of budgeting as the budget is prepared towards finding realizable goals.
Detailed explanation-3: -Accordingly, cash budget is not part of the operating budget.
Detailed explanation-4: -The answer is b. The marginal expenditure budget is not one of the master budgets.
There is 1 question to complete.