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What are the steps taken for proper control on capital budgeting process?
Steps which are taken to control the capital budgeting process are as follows:-
1) Indentify the proposals which are already involved in capital budgeting.
2) Do the screening of the proposal for future estimation.
3) Evaluate the different type of proposals
4) Fix the priorities of the proposals
5) Final approval and planning of the capital expenditure
6) Implement the proposal
7) Review the proposal.
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