Which of the Following Statements Is Not True

Multiple Choice

Which of the following statements is not true?

A) GST estimates need to be included in a cash budget.
B) A service business does not need to prepare a cash budget.
C) Preparing operating budgets for service businesses is normally simpler than preparing them for retailers or manufacturers.
D) The emphasis in budgeting for not-for-profit organisations tends to be on cash flows and the final cash position rather than on profits, income and expenditure.