the budget which is dynamic is____
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Explanation:
A dynamic budget — or flexible budget as it is also known — analyzes variable costs in a more flexible manner. In other words, budget resources are not fixed based on a predetermined estimate and can be adjusted if the real volume of activity changes compared to the estimate.
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The dynamic budget is powerful.
Features of dynamic budget:
- The dynamic budget is very easy to use and we can create it by ourselves
- It helps to reduce the load and it does not require training and adjustment
- This budget is used in analytical accounting to solve the advanced problem of accounting
- We can easily manage the dynamic account with one click and it is also a very fast process
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