UNDERSTANDING MANAGEMENT-MINDTAP
UNDERSTANDING MANAGEMENT-MINDTAP
11th Edition
ISBN: 2818440049460
Author: DAFT
Publisher: CENGAGE L
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Chapter 15, Problem 3AYSSL
Summary Introduction

To discuss:

If I never seem to have any money left over at the end of the month.

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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