Budget, Budgeting & Budgetary Control

Q.  Which of the following statements are true about budget, budgeting & budgetary control?
- Published on 08 Sep 15

a. Budgeting is business estimates for future periods
b. Budget is the process of preparing business estimates
c. Budgetary control is the means to achieve performance on the basis of budget
d. None of the above

ANSWER: Budgetary control is the means to achieve performance on the basis of budget

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