Revision question Required: Answer the following questions: 1.1 Define budgeting and control. 1.2 How are budgets used

Revision question

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Required: Answer the following questions: 1.1 Define budgeting and control. 1.2 How are budgets used in planning? 1.3 How are budgets used to control? 1.4 What are some of the reasons for budgeting? 2 (3) (3) (2) Required: Answer the following questions: 1.1 Define budgeting and control. 1.2 How are budgets used in planning? 1.3 How are budgets used to control? 1.4 What are some of the reasons for budgeting? 2 (3) (3) (2)

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11 Define budgeting and control Budgeting refers to the process of creating a detailed plan that outlines expected revenues and expenses over a specif... View the full answer