Which of the Following Statements Is Not True

Multiple Choice

Which of the following statements is not true?

A) Preparing operating budgets for service businesses is normally simpler than preparing them for retailers or manufacturers.
B) A service business does not need to prepare a cash budget.
C) GST estimates need to be included in a cash budget.
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.