What do you mean by Budgetary Control? State the objectives of budgetary control.
Budgetary control is a process that involves planning, monitoring, and controlling the financial performance of an organization by comparing the actual results with the budgeted figures. It is a system that helps management to plan and coordinate the activities of the organization by setting financial targets, allocating resources, and monitoring the performance of the various departments. The objective of budgetary control is to ensure that the actual performance of the organization is in line with the planned performance, and that resources ________ _________ _____ _______ _________ _______ _______ ____ ________ _____ _____ _____.
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