Question

33. A budget reports is prepared on the principle of exception and thus
(A) Only unfavourable variance should be shown
(B) Only favourable variance should be shown
(C) Both (a) & (b)
(D) None of these​

Answer 1

Answer:

d) None of these

Explanation:

plz mark me brainlist

Answer 2

The correct answer is option (c).

Explanation:

• A budget is an estimate of revenue and costs for a certain future period of time that is generally created and re-evaluated on a regular basis.
• A budget report compares a company's actual outcomes to a predetermined budget, highlighting any variances.
• A budget report is created using the exception principle, which means that only information indicating a major departure of actual outcomes from budgeted or anticipated results is brought to the attention of management.
• As a result, both positive variances (showing greatest performance parts) and negative variances (indicating worst performance segments) are recorded since tiny deviations are visible and hence not reported.