EBK UNDERSTANDING MANAGEMENT
EBK UNDERSTANDING MANAGEMENT
11th Edition
ISBN: 9781337918770
Author: MARCIC
Publisher: VST
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Chapter 15, Problem 4AYSSL
Summary Introduction

To discuss:

If I pay all my expenses, but I never seem to have any money left over for fun.

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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