Which one of the following is the last schedule to be prepared in a normal budget preparation process?

A) The selling expense budget.
B) The cash budget.
C) The cost of goods sold budget.
D) The direct labour budget.

Cash Budget

A financial plan that projects cash inflows and outflows over a specific period, helping manage liquidity and ensure financial stability.

Expense Budget

A forecast of a company's expected operating expenses for a specific period.

Goods Sold Budget

An estimate of how much revenue a company expects to generate from the sale of goods over a specific period.