Comment critically on the following statements: (a) A budget is a forecast of an organisations activities
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Comment critically on the following statements:
(a) ‘ A budget is a forecast of an organisation’s activities for the forthcoming period. ’
(b) ‘ The budgetary planning process for a manufacturing and trading organisation should always begin with the preparation of the sales budget. ’
(c) ‘ Revising the budget part way through the period is not advisable because it leads to a lack of continuity in the planning process. ’
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Related Book For
Accounting In A Nutshell Accounting For The Non-specialist
ISBN: 9780750687386
3rd Edition
Authors: Walker, Janet
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