Which Is the Correct Order of Budget Preparation for a Merchandising

Multiple Choice

Which is the correct order of budget preparation for a merchandising company?

A) Selling and administrative expense budget, cash budget, budgeted income statement, budgeted balance sheet.
B) Sales budget, cash budget, selling and administrative expense budget, budgeted income statement.
C) Sales budget, cash budget, budgeted balance sheet, budgeted income statement
D) Cash budget, selling and administrative expense budget, budgeted income statement, budgeted balance sheet.