In an organization that plans by using comprehensive budgeting, the master budget is The booklet containing budget guidelines, policies, and forms to use in the budgeting process. The current budget updated for operations for part of the current year. A compilation of all the separate operational and financial budget schedules of the organization. A budget of a not-for-profit organization after it is approved by the appropriate authoritative body

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 16MC: Which of the following includes only financial budgets? capital asset budget, budgeted income...
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In an organization that plans by using comprehensive budgeting, the master budget is

  • The booklet containing budget guidelines, policies, and forms to use in the budgeting process.
  • The current budget updated for operations for part of the current year.
  • A compilation of all the separate operational and financial budget schedules of the organization.
  • A budget of a not-for-profit organization after it is approved by the appropriate authoritative body.
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