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This Question: 47 of 49 (0 complete) his Test: 150 pt The cash budget and the budgeted financial statements are collectively known as the O A. master budget B. financial budget O C. production budget O D. operating budget
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Answer #1

Financial budget is a budget which shows the planned investments and sources for Investment i.e., the budgeted financial statements and also includes a cash budget which shows the flow of funds in the entity.

So the Cash Budget and the budgeted financial statements are collectively known as Financial Budget.

The answer is Option B.

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