A budget in which a responsibility centre manager must justify each planned activity and its budgeted total cost is called —

CS Executive · Cost and Management Accounting · PYQS · June 2016
A budget in which a responsibility centre manager must justify each planned activity and its budgeted total cost is called —
(A) Traditional budget
(B) Zero based budget
(C) Master budget
(D) Functional budget.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Budgeting

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