___________ is a summary of all functional budgets in a capsule form.
A. Functional Budget
B. Master Budget
C. Long Period Budget
D. Flexible Budget
Answer: Option B
Solution(By Examveda Team)
Master Budget is a summary of all functional budgets in a capsule form. Master Budget, in a broader sense, is a summary budget incorporating all financial budgets in a capsule form.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
Join The Discussion