Accounts Budgetery Control Multiple choice questions v2 by ClassOf1

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									              Sub: Accounts                                                                   Topic: Budgetery Control



              Question:
              Multiple choice questions on budgetery control system.

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                   1. Which of the following represents the normal sequence in which the below budgets are
                      prepared.

                   a. Sales, Balance Sheet, Income Statement
                   b. Balance Sheet, Sales, Income Statement
                   c. Sales, Income Statement, Balance Sheet
                   d. Income Statement, Sales, Balance Sheet
                    Answer: C


                   2. In preparing a master budget, top management is generally best able to:

                   a. Prepare detailed departmental-level budget figures.
                   b. Provide a perspective on the company as a whole.
                   c. Point out the particular pers
								
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