Question

Which of the following statement is not true about budget, budgeting & budgetary control? *

a.Budgetary control is a wider concept whereas Budget and budgeting are narrower concepts

b.If there is budgetary control, budgeting and budget are must

c.If there is budgeting or budget, it is not necessary that there should be budgetary control also

d.Ensure profitable operations

​

Answer 1

Answer:

koi inbox chat karlo thanks jitne marzi le lena

Answer 2

Answer:

Option c - ensure profitable operations is the correct answer.

Explanation:

• Budget: An accounting plan is what a budget is. It's a monetary plan of action that's been formalised. It might be viewed as a forecast of income and expenses based on specific assumptions about future operating conditions.
• Budgetary control:  Budgetary control is the formulation of budgets about the responsibilities of executives of a policy and the management of expenditures through the preparation of budgets," says Wikipedia. The comparison of actual and budgeted performance regularly, either to secure the policy's goal or propose a solution through individual action as a starting point for revision."
• Budgeting: Budgeting is a method of planning ahead of time. It is mostly used as a tool for it is rather a pivot of every effective plan of management control.

Hence, ensuring profitable operations is not true about budget, budgeting, and budgetary control.

#SPJ2