Question

Select the correct statement(s) about the master budget.

पर्याय

• It is a summary of all budgets.

• This budget requires the approval of the Budget Committee before it is put into operation.

• A careful analysis of the needs of all administrative departments of the enterprise is necessary.

• The overall objective of a master budget is to enable the firm to prevent accumulations of excess cash balance.

Answer 1

It is a summary of all budgets and this budget requires the approval of the Budget Committee before it is put into operation.