$05$ In an organization that plans by using comprehensive budgeting, the master budget is

$01$ A compilation of all the separate operational and financial budget schedules of the organization.

$02$ The booklet containing budget guidelines, policies, and forms to use in the budgeting process.

$03$ The current budget updated for operations for part of the current year.

$04$ A budget of a not$-$for$-$profit organization after it is approved by the appropriate authoritative body.