A factor which will limit the activities of an undertaking and which is taken into account in preparing budgets, is termed as :

CS Executive · Corporate and Management Accounting · PYQS · December 2019
A factor which will limit the activities of an undertaking and which is taken into account in preparing budgets, is termed as :
(A) Limiting factor
(B) Governing factor
(C) Key factor
(D) All the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Budgeting

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