Question

ASSERTION: Forecasting is prepared in consultation with one another.

REASONING: Budgeting help in achieving co-ordination between different departments of the enterprise.

Options

• A is true, and R is the correct explanation for A.

• A is true, and R is not the correct explanation for A.

• A is true, but R is false.

• A is false, but R is true.

Answer 1

A is false, but R is true.

Explanation:

• The assertion is false because forecasting is an estimate or judgment often prepared by specific departments or experts, not necessarily through mutual consultation.
• The reason is true because budgeting promotes coordination by aligning departmental plans and responsibilities.