Budgets are useful only for small companies that can


Questions -

1. Budgets are useful only for small companies that can estimate sales with accuracy. Do you agree with this statement?

2. Why does preparing the master budget require a committee?

3. What are the advantages of budgeting?

4. How many budgets be used as a measure of performance?

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Accounting Basics: Budgets are useful only for small companies that can
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