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Name some of the benefits of budgeting which term is used

This paper is about capital Budgeting Decisions:

Name some of the benefits of budgeting. Which term is used for a set of budgets? List and explain the budgets in the set for a manufacturer or a merchandiser. Which budgeted financial statements are included in the set of budgets? What is meant by the term proforma? Should be 2 pages with references.

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