Question

A master budget comprises:
(A) A budgeted balance sheet.
(B) A budgeted balance sheet and profit and loss account.
(C) A budgeted balance sheet, profit and loss account and cash flow statement.
(D) A budgeted balance sheet, profit and loss account, cash flow statement based upon coordinated departmental operating budgets.

Answer 1

option d .
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Answer 2

Answer:

d

Explanation: