Budget is a financial statement that provides detailed information about the revenue and expenditure of a particular year. However, there is no single rule or pro forma available to prepare budget, as in case of balance sheet and profit and loss account. You should note that different organizations follow different rules and methods to prepare their budgets. For example- government [...]
After reading this essay you will learn about:- 1. Meaning and Definition of Budgets 2. Objectives of Budget 3. Types 4. Requisites 5. Principles 6. Classification 7. Summaries 8. Advantages 9. Limitations. Essay Contents: Essay on the Meaning and Definition of Budgets Essay on the Objectives of Budget Essay on the Types of Budgets Essay on the Requisites for the [...]
After reading this article you will learn about:- 1. Meaning of Budgetary Control 2. Objectives of Budgetary Control 3. Merits 4. Limitations 5. Requisites 6. Classification. Meaning of Budgetary Control: The budgetary control is defined as the establishment of budget relating to the responsibility of executive to the requirement of a policy and the continuous comparison of actual with budgeted [...]