ocr: Prepare the Master/Summary. Budget The master budget consolidates the intormation contained within the subsidiary budgets and will normally consist of a budgeted profit and loss account, budgeted balance sheet and a budgeted cash flow statement. BudgetedPreftandloss Account This budget sets out to predict the operating profit that the organisation will earn over the forthcoming budget period. BudgetedBalance: Sheet This budget attempts to summarise the tinancial position of the organisation at the end of the budget period. Budgeted Cash Flow Statement This budget aims to predict the cash balan ...
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