Define budgeting. Briefly explain the major purposes of budgets. 2. Briefly describe the different types of budgets.

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Define budgeting. Briefly explain the major purposes of budgets.

2. Briefly describe the different types of budgets.

3. Briefly discuss the features of a good planning and control system?

4. How does a firm prepare good budget? Who is responsible for preparing and administering them?

5. Define master budget? Briefly explain its purpose.

6. Briefly describe the contents of each component of the master budget.

Related Book For answer-question

Management and Cost Accounting

ISBN: 978-1408093887

8th edition

Authors: Colin Drury

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Posted Date: Apr 06, 2023 01:36 AM

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Define budgeting. Briefly explain the major purposes of budgets. 2. Briefly describe the different types of budgets.

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Q1 Budgeting is the process of creating a plan that outlines an organizations expected income and expenses over a particular period The main purposes of budgets include providing a framework for decis... View the full answer

Management and Cost Accounting

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