Question:

………budget gives an estimate of the anticipated receipts and payment of cashduring the budget period.

A.

sales

B.

production

C.

cash

D.

master

Answer» c. cash

Question:

…….budget may be classified into material cost budget, labour cost budget andoverhead budget.

A.

cost of production

B.

purchase

C.

sales

D.

cash

Answer» a. cost of production

Question:

…………is a summary of all function budgets in a Capsule form.

A.

master budget

B.

sales budget

C.

performance budget

D.

cash budget

Answer» a. master budget

Question:

…………………budget is the preparation of budget starting from aclean state.

A.

performance

B.

zero base

C.

cash

D.

none of these

Answer» b. zero base