Question

Define the objective of budgeting and budgetary control. 

18 Mar 2023
Answer :
Word Count : 355

Budgeting is the process of setting financial goals for an organization and developing a plan to achieve those goals. The objective of budgeting is to allocate resources effectively and efficiently to achieve the desired outcomes. Budgetary control is the process of monitoring and controlling the actual performance of an organization against the budgeted figures. The objective of budgetary control is to ensure that the resources are being used in a way __________ _______ _____ ____ ________ ________ ____ ____ _________ _____ ____ ___.
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