N preparing financial budgets: Select one: A. The cash budget is usually not prepared. B. The budgeted balance sheet is usually prepared last. C. The budgeted income statement is usually not prepared. D. The capital expenditures budget is usually prepared last. E. The budgeted income statement is usually prepared last. g

B. The budgeted balance sheet is usually prepared last.

Explanation:

the budgeted balance sheet shows where all of the accounts would be at the end of a period of the actual company performance matched the budgeted estimates. Preparing this report is usually the last step in finalizing a master budget plan.

Budgeted Balance Sheet is prepared by adjusting the beginning balances of a long‐term asset, liability, and stockholders' equity accounts for expected activity during the budgeted period and identifying balances in current asset and liability accounts at the end of the period.

The budgeted balance sheet is usually prepared last.

Explanation:

A budget aids a business to assign the income of the organisation to various departments and also to oversee the cash flows of the business in an effective way.

A financial budget involves predicting the earnings and expenditure of the organisation for a duration of a long period or a short period.

Financial budgets include a budgeted income statement and balance sheet, cash budget, and capital expenses budget.

The budgeted balance sheet clearly points out where all of the accounts would be located at the end of an accounting period. It is usually the last step to take when finalizing a good budget plan.

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