Which of the following steps are required for Budgetary Control ?

CS Executive · Corporate and Management Accounting · PYQS · December 2019
Which of the following steps are required for Budgetary Control ?
(A) Organisation for Budgeting; Budget Manual; Responsibility for Budgeting; and Budget Standard
(B) Organisation for Budgeting; Budget Manual; Responsibility for Budgeting; and Budget Procedure
(C) Objective for Budgeting; Budget Manual; Responsibility for Budgeting; and Budget Standard
(D) Organisation for Budgeting; Budget Objective; Responsibility for Budgeting; and Budget Standard

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Budgetary Control

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