00:01
Hello students, here is a question.
00:02
Which of the following is not a component of a master budget? so we have an options given here.
00:07
So this is for 16 question.
00:10
So the options are operating budget, budgeted income statement, budgeted balance sheet and the statement of written on investment.
00:19
So for this question option d is the right answer that is statements of written on investment statement on written on investment.
00:35
It is not component of a master budget.
00:38
So that is why option d is the right answer for this.
00:41
So when it comes to the 17th question, which of the following is not included in operating budget? so again, we have an options here.
00:49
The options are budgeted balance sheet, sales budget, selling and administrative budget and raw material purchased budget.
00:56
So the right answer is option a that is budgeted balance sheet, budgeted balance sheet.
01:07
So because this is not included in an operating budget, the others are included in operating budget only.
01:14
The budgeted balance sheet is not included in the operating budget.
01:18
So when it comes to an option 8, sorry 18th question, the state, the starting point of preparing a master budget is again, we have an options here, the inventory policy, sales forecast, production budget and budgeted balance sheet.
01:33
So for this, the right answer is option b that is sales forecast is the starting point is the starting point for preparing the master budget...