Budget which remains unchanged regardless of the actual level of activity is known as —

CS Executive · Cost and Management Accounting · PYQS · June 2015
Budget which remains unchanged regardless of the actual level of activity is known as —
(A) Fixed budget
(B) Functional budget
(C) Flexible budget
(D) Cash budget.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Budgetary Control

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