Accountancy, asked by thakur3612, 1 year ago

defination of budgetary control

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Answered by keya2005
1
Hey, here is your answer -

A control whereby actual results are compared with budgets Any differences ( variances) are made the responsibility of key individuals who can either exercise control action or reverse the original budgets.

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Answered by Anonymous
1

Budgetary control is the establishment of budgets relating to the responsibilities of executives of a policy and the continuous comparison of the actual with the budgeted results, either to secure by individual action the objective of the policy or to provide a basis for its revision. It is the system of management control and accounting in which all the operations are forecasted and planned in advance to the extent possible and the actual results compared with the forecasted and planned ones.

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