Question: Once a budget is made then it must be managed throughout the period covered by the budget. Income is naturally a very important part of

Once a budget is made then it must be managed throughout the period covered by the budget.

Income is naturally a very important part of the budget.

Q1. Name and explain how this information is collected and list three sources of income records that you would use to monitor the budget:

q2.

From analyzing some budget figures you notice some deviations, but decide to do nothing about them.

Explain why this could be a legitimate form of action (or inaction):

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