Budget, Budgeting & Budgetary control - Characteristics

Q.  Which of the following statements are true about budget, budgeting & budgetary control?
- Published on 04 Sep 15

a. Budgetary control is a wider concept whereas Budget and budgeting are narrower concepts
b. If there is budgeting or budget, it is not necessary that there should be budgetary control also
c. If there is budgetary control, budgeting and budget are must
d. All of the above

ANSWER: All of the above

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