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A budget is a financial document or an action plan which is prepared and used to project...Following are the characteristics of a good budget…
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Budgetary Control is a methodical control technique whereby budgets are prepared relating the responsibilities of budget holders….
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Advantages of Budgetary Control - It is a powerful tool for the purpose of cost control and profit maximization…
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First a Budget Centre which is that section of the organisation for which the budget will be prepared should be clearly defined…
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Sales/Marketing Budget, Production Budget, Finance Cash budget, Personnel budget…
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Following factors are taken into consideration while forecasting for sales quantity...Following factors are taken into account while forecasting for selling price..
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Production budget is a forecast of production for the budget period. It is prepared from two angles: I…
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Purchase budget is a forecast of quantity and value of materials required to purchase during the budget period.
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Cash budget is the budget which is prepared under the finance budget. It is an estimation of the expected cash receipts…
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A fixed budget is established for a specific level of activity whereas flexible budget is prepared for various levels of activity….
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Budget Manual is a document which standardized methods and procedures required in relation to budgetary control….
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Budgetary Control is establishment of budgets and the continuous comparison of actual results with the planned results….
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