Budgetary Control


BUDGETBudget is generally defined as a quantitative plan which is chartered for the forthcoming period of time. It generally takes into consideration planned sales volumes, costs to be incurred, expenses to be met out, expected revenue to be generated and flow of cash and cash equivalents during the time period for which the budget is planned.Budget can be prepared at any level ranging from an individual to national level. It is basically the estimation of revenue and expenses.Budget is…