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  • 22-04-2020
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The starting point in preparing a master budget is the preparation of the

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Lanuel
Lanuel Lanuel
  • 25-04-2020

Answer:

Sales budget

Explanation:

The master budget is a document that contains the aggregation of all lower-level, interrelated financial budgets and operating budgets produced by an organization and it comprises of a cash forecast, budgeted financial statements, profit and loss account and balance sheet and a financing plan.

The starting point in preparing a master budget is the preparation of the sales budget.

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