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प्रश्न
Observe the image and identify the utility of budget.
पर्याय
Budgets are an important tool of managerial control
Inflows and outflows of cash over a future time period
Exercising control over cost and liquidity of the firm
Planning for financing of those requirement
MCQ
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उत्तर
Budgets are an important tool of managerial control
Explanation:
Budgets are an important tool of managerial control because they set standards, enable budgetary control, highlight deviations, and help evaluate performance by promoting planning, responsibility, coordination, and effective control across the firm.
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