GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a type of budget according to function?
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Fixed Budget
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Flexible Budget
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Operating Budget
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Long term Budget
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Explanation:
Detailed explanation-1: -Hence, operating budget is a functional budget.
Detailed explanation-2: -A functional budget is a budget which relates to any of the functions of an undertaking, e.g., sales, production, research and development, cash etc.
Detailed explanation-3: -sales budget. usually generated directly from the key. production budget. based on the sales budget together with the. materials usage budget. materials purchase budget. labour utilisation budget. functional budgets. capital expenditure budget.
There is 1 question to complete.