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Subject - Accounting:

Cost and Management Accounting

MCQ - 187-189

Question:

A forecast set of final accounts is also known as:

  1. Cash budget
  2. Capital budget
  3. Master budget
  4. Capital budget

Correct Answer: C

Explanation:

Different types of budgets are prepared for different purposes e.g. Sales. Budget, Production Budget. Administrative Expense Budget, Raw material Budget, etc. All these sectional budgets are afterwards integrated into a master budget- which represents an overall plan of the organization

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Record Performance

355 MCQ for effective preparation of the test of Cost and Management Accounting of Accounting section.

Read the MCQ statement: A forecast set of final accounts is also known as: , keenly and apply the method you have learn through the video lessons for Cost and Management Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 187-189.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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