Question

Write short note on Budgetary control system

Answer 1

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"According to Brown and Howard, “Budgetary control is a system of controlling costs which includes the preparation of budgets, coordinating the departments and establishing responsibilities, comparing actual performance with the budgeted and acting upon results to achieve maximum profitability.”

Budgetary control involves the use of budgets and budgeting reports throughout the period to co­ordinate evaluate and control day-to-day operations in accordance with the goals specified in the budget. Budgets are prepared to con­trol operations so that established policies and objectives can be achieved. Budgeting serves to clarify the programme, measure effi­ciency and provide definite plans to interested parties.

$\huge \boxed{hope \: it \: helps \: u}$