Question

define budgetary control? explain it's type?

Answer 1

Definition of budgetary control. A system of management control in which actual income and spending are compared with planned income and spending, so that you can see if plans are being followed and if those plans need to be changed in order to make a profit.
Master Budget. A master budget is a comprehensive projection of how management expects to conduct all aspects of business over the budget period, usually a fiscal year. ...

Operational Budgets. ...

Cash Flow Budget. ...

Financial Budget. ...

Static Budget.