A Master Budget consists of
A. Sales budget
B. Production budget
C. Material budget
D. All of the above
Answer: Option D
Solution(By Examveda Team)
A Master Budget consists of Sales budget, Production budget and Material budget. The master budget is the aggregation of all lower-level budgets produced by a company's various functional areas, and also includes budgeted financial statements, a cash forecast, and a financing plan.This Question Belongs to Commerce >> Accounting
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