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Which of the following budgets is the starting point for a master budget?

Which of the following budgets is the starting point for a master budget?

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Answer #1

Sales budget

Sales budget is the starting point for a master budget.

Explanation : The master budget is the aggregation of all lower-level budgets produced by a company's various functional areas, and also includes budgeted financial statements, a cash forecast, and a financing plan. The master budget is typically presented in either a monthly or quarterly format, and usually covers a company's entire fiscal year and sales budget is the starting point for a master budget.

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