Question:
1. Define ‘Budget& and ‘Budgetary Control&. Give a description of two important budgets.
2. Define ‘budgetary Control& and explain its objectives. Discuss how the functional budgets are built up taking any one specific example.
3. Discuss the objectives and limitations of budgetary control
4. List the important functional budgets prepared by a business.
5. Example the concept of flexible budget. How is it prepared?
6. What is a ‘sales budget? How is it prepared?
7. Give an organization chart for budgetary control and discuss its importance.
8. What is a ‘budget manual&? Mention the contents and advantages of the same.