Question:Which of the following is NOT a functional budget?
  A. Production budget
  B. Cash budget
  C. Selling cost budget
  D. Distribution cost budget
  The correct answer is:Cash budget
  A functional budget is a budget prepared for a particular function or department. A cash budget is the cash result of the planning decisions included in all the functional budgets. It is not a functional budget itself. Therefore the correct answer is cash budget.