Question

The operations budget reflects:

a. cash receipts & disbursements

b. revenues and expenses

c. balance sheet items

d. capital expenditures

Answer 1

The Operations budget reflects : b. revenues and expenses

Explanation-

When preparing budgets cash receipt and disbursements , revenues and expenses , balance sheet items and capital expenditures are covered in the following budgets:

Operations budgets covers the projection of estimated revenues and expenses.

Cash receipts & disbursement are covered in cash budget .

Balance sheet items are covered in Budgeted or projected balance sheet.

Capital expenditures are covered in budgeted Capital expenditure budget