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Budget Control

Budget Control

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Published by ashishmission2020

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Published by: ashishmission2020 on Mar 17, 2010
Copyright:Attribution Non-commercial

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05/23/2011

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WHAT IS A BUDGET?
Aplanexpressedintermsofmoney.Itshowsincome,expenditureandthecapitaltobeemployed.Itmaybedrawnupshowingincrementaleffectsonforme budgetedoractualfigures,orbecompiledbyZero- basedbudgeting.
 
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WHAT IS BUDGETARY CONTROL?
B
udgetarycontrolistheuseofthecomprehensivesystemo budgetingtoaidmanagementincarryingoutitsfunctionslike planning,coordinationandcontrol.
Divisionoforganizationonfunctionalbasisintodifferentsectionsknownasabudgetcentre.

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