Period Sales (Rs) Purchase (Rs) Wages (Rs.)

Master Budget
 Master budget is a consolidated summary of all the functional budgets.

Master budget is a summary budget incorporating
its component functional budgets & which is finally
approved, adopted and employed”-
CIMA.
 Master budget has two parts
1.Operating Budget (budgeted profit & Loss account. Financial Budget (budgeted balance sheet Prepared by the budget director or budget officer while
Approving by the Board of Directors after certain amendments & alteration.
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