Define budgetary control. State how ""budgetary control"" helps an entrepreneur?
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Budgetary control is the process of determining various actual results with budgeted figures for the enterprise for the future period and standards set then comparing the budgeted figures with the actual performance for calculating variances, if any. It provides a method of control too.
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Explanation:
Budgetary control is the process of determining various actual results with budgeted figures for the enterprise for the future period and standards set then comparing the budgeted figures with the actual performance for calculating variances, if any.
It provides a method of control too.
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