Question
Define budgeting. Briefly explain the major purposes of budgets. 2. Briefly describe the different types of budgets. 3. Briefly discuss the features of a good
Define budgeting. Briefly explain the major purposes of budgets.
2. Briefly describe the different types of budgets.
3. Briefly discuss the features of a good planning and control system?
4. How does a firm prepare good budget? Who is responsible for preparing and administering them?
5. Define master budget? Briefly explain its purpose.
6. Briefly describe the contents of each component of the master budget.
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Q1 Budgeting is the process of creating a plan that outlines an organizations expected income and expenses over a particular period The main purposes of budgets include providing a framework for decis...
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
