According to this concept, the organization is going to be in existence for an indefinite period of time and is not likely to close down the business in the shorter period of time. This affects the valuation of assets and liabilities.
Tell me what role does budgetary control play in cost control? What are the requirements for its successful implementation?
Tell me What is what factors are taken into consideration while preparing it?
What is sales budget?
Explain what is Budget? What are its characteristics?
Do you know what are the pre-requisites to implement Budgetary Control?
What things are considered before preparing a purchase budget?
What is a purchase budget?
Explain principles and objectives of the budgetary control?
Explain Budget Manual?
Do you know what is a production budget? Why is it prepared?
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