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Budgetary Control
SUBJECT : Management
AUTHOR : G V KESAVA RAO , K YATHIRAJU and G NAVEEN KUMAR
PUBLISHED ON : 29/03/18
NUMBER OF PAGES : ( 58 Pages)
PRICE : Rs 37.7

In our daily life, we use to prepare budgets for matching the expenses with income; and available funds can be invested in a pro􀃀 table manner. Similarly in business, budgets are prepared on the basis of future estimated production and sales in order to 􀃀 nd out the pro􀃀 t in a speci􀃀 ed period. A budget is in the nature of an estimate and is a quanti􀃀 ed plan for future activities to coordinate and control the use of resources for a speci􀃀 ed period. Thus budget is a quantitative statement of management plans and policies for a given period and is used as a guide for the purpose of attaining the given objectives. It is also used as standard with which actual performance is measured.


 
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