The budget which usually takes the form of budgeted profit and loss account and balance sheet is known as ___________.
A. Flexible budget .
B. Master budget.
C. Cash budget .
D. Purchase budget.
Answer:B
The budget which usually takes the form of budgeted profit and loss account and balance sheet is known as ___________.
A. Flexible budget . B. Master budget. C. Cash budget . D. Purchase budget.