ACCOUNTING PRINCIPLES V.1 W/ WILEY PLU
ACCOUNTING PRINCIPLES V.1 W/ WILEY PLU
12th Edition
ISBN: 9781119157021
Author: Weygandt
Publisher: WILEY C
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Chapter 24, Problem 24.5BE
To determine

Flexible Budget: The budget which is not rigid is called as flexible budget. In flexible budget forecast is made for the given budget data at each level of activity. This budget can be changed depending o the volume of activity. Flexible budget is considered more useful than other budgets.

Budget Report: The report containing the information about the performance of particular budget is called as budget report. Budget report helps in taking appropriate financial decisions.

To prepare: A flexible budget report.

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ACCOUNTING PRINCIPLES V.1 W/ WILEY PLU

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