Question: Identify the characteristics of the budgeting process. Multiple select question. Uses financial accounting concepts. Records financial transactions in their historical cost. Provides a benchmark in

Identify the characteristics of the budgeting process.

Multiple select question.

Uses financial accounting concepts.

Records financial transactions in their historical cost.

Provides a benchmark in order to compare actual performance results.

Uses managerial accounting concepts.

Creates a financial plan for the organization.

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