Which one of the following sets of items are all necessary components of the master budget? 1.
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Which one of the following sets of items are all necessary components of the master budget?
1. Prior sales reports, capital expenditures budget, and financial budgets.
2. Sales budget, operating budgets, and historical financial budgets.
3. Operating budgets, financial budgets, and capital expenditures budget.
4. Operating budgets, historical income statement, and budgeted balance sheet.
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Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
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