In master budget preparation Budgeted balance sheet is prepared before the sales budget?

No, the sales budget is typically prepared before the budgeted balance sheet in the master budget preparation process. The sales budget outlines the expected sales revenue for the period, which is a key component in determining the overall financial position of the company. Once the sales budget is prepared, other budgets such as the production budget, operating expenses budget, and capital expenditures budget are developed, which then feed into the budgeted balance sheet. The budgeted balance sheet is a summary of the company's assets, liabilities, and equity at a specific point in time based on the information provided by the various budgets.

No