…………………budget is the most important budget and it forms the basis on which all the other budgets are built up.

Related MCQs

• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• The budget relating to.................... must be prepared first and the other budgets should be prepared in the light of that factor.
• …………is a summary of all function budgets in a Capsule form.
• ………budget gives an estimate of the anticipated receipts and payment of cash during the budget period.
• Material budget consists of two parts, one is the consumption budget and another Is .
• …………………budget is the preparation of budget starting from a clean state.
• ……….is the consolidated summary of the various functional budgets.
• Operation budgets normally cover a period of .
• The entire process of preparing the budgets is known as .
• Long-term budgets are prepared for .