Mcqs Clouds
mcqsclouds.com

Which of the following statements are true about budget, budgeting & budgetary control?

A. Budgetary control is a wider concept whereas Budget and budgeting are narrower concepts

B. If there is budgeting or budget, it is not necessary that there should be budgetary control also

C. If there is budgetary control, budgeting and budget are must

D. All of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above