Assertion (A): The purpose of performance budgeting is to focus on work to be done and services to be rendered. Reason (R): The main purpose of performance budgeting is not to inter-relate physical and financial aspects

CS Executive · Cost and Management Accounting · PYQS · June 2019
Assertion (A): The purpose of performance budgeting is to focus on work to be done and services to be rendered. Reason (R): The main purpose of performance budgeting is not to inter-relate physical and financial aspects of every programme, project or activity. Select the correct answer from the options given below:
(A) Both (A) and (R) are true and (R) is the correct explanation of (A)
(B) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(C) (A) is true, but (R) is false
(D) (A) is false, but (R) is true

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Budgeting

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