What type of budget must be made first?

Fill in the Blank QuestionFill in the blank question.The first step in preparing the master budget is planning the budget.

What is Budget? What are the objectives of Budget?

budgeting process.

The first budget that is normally prepared is the:Group of answer choicessales budget.capital expenditure budget.cash budget.budgeted income statement.

things in particular which are very important when making a budget. First we need to work out how much             we earn or have available for an            .Next we need to think about how             we want our budget to cover.Finally, we need to know what             we want to buy, how much they             and