Understanding Management
Understanding Management
11th Edition
ISBN: 9780357033821
Author: Richard Daft
Publisher: South Western Educational Publishing
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Chapter 15, Problem 1AYSSL
Summary Introduction

To discuss:

If I spend all my money as soon as I get it.

Introduction:

Budgeting is the basic need of any business or personal finance. Budgeting enables the person or business to plan its revenue and expenditure. Budgetary control is the most useful method of managerial controls, which helps in setting standards for revenue and expenses and analyzing the performance on the basis of standards. The comparison of standards with actual is called variances analysis.

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