Question

20. The process of budgeting
includes

Preparation of budget
Budget Control
Budget co-ordination
All of the above​

Answer 1

Explanation:

Time and money are scarce resources to all individuals and organizations; the efficient and effective use of these resources requires planning. Planning alone, however, is insufficient. Control is also necessary to ensure that plans

actually are carried out. A budget is a tool that managers use to plan and control the use of scarce resources. A budget is a plan showing the company’s objectives and how management intends to acquire and use resources to attain those objectives

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