Question

write note on role of budgets and role of budgeting.​

Answer 1

Explanation:

Budgeting allows managers to explore how costs and revenues will behave under specific sets of operating assumptions. The process often points out conflicts between top management's objectives and the realities of the company's capabilities

Answer 2

ANSWER :--

• Budgeting allows managers to explore how costs and revenues will behave under specific sets of operating assumptions. The process often points out conflicts between top management's objectives and the realities of the company's capabilities.

• Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. Budgeting is simply balancing your expenses with your income.

• A budget is simply a spending plan that takes into account both current and future income and expenses. Having a budget keeps your spending in check and makes sure your savings are on track for the future.

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